Baku / 12.06.17 / Turan: At the deposit auction of the Central Bank on Monday, demand exceeded supply by 2.6 times.The Central Bank raised AZN 150 million against the demand of commercial banks for AZN 387.8 million. The funds were raised for a period of 14 days, at an average weighted rate of 12.01%.Deposit auctions are held as part of anti-inflation measures. The Central Bank started holding deposit auctions in June 2016. ----71D

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