Baku / 03/19/19 / Turan: At the next deposit auction, the Central Bank plans to raise AZN 350 million. The auction will take place on March 27. Funds will be raised for a period of 12 days at a weighted average rate of 7.01% - 8.99%.Deposit auctions are conducted as part of anti-inflation measures. During the auction, the Central Bank accepts deposits from commercial banks. The main purpose of deposit auctions is money sterilization.In 2016, the...

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