Baku / 22.05.20 / Turan: The Central Bank plans to attract 250 million manats at the next deposit auction.The auction will be held on June 1. The funds will be attracted for a period of 14 days, at a weighted average rate of 6.76% - 7.24%.Deposit auctions are held as part of anti-inflationary measures. During the auction, the Central Bank accepts deposits of commercial banks for placement. The main purpose of deposit auctions is to sterilize the...

Please login or subscribe to read more

Leave a review

Finance

Follow us on social networks

In Focus