The fifth deposit auction was held by the Central Bank of Azerbaijan on July 25.
The auction received a bid to attract 50 million AZN at the weighted average interest rate of 6.99%, which fully meets the demand of banks.
It was the maximum rate, and the minimum was set at the level of 4.01%.
According to the CBA, the funds are involved for 28 days.
The first deposit auction held on June 13 attracted 129 million AZN on average weighted interest rate of 6.49% per annum instead of the planned 150 million AZN. In the next three trades the application ranged from 37 million to 45 million AZN. -0-
Economics
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