Baku / 25.06.18 / Turan: At the deposit auction on Monday the Central Bank raised 350 million manat. Demand amounted to 812.3 million manat. Thus, demand exceeded supply by 2.3 times.The funds were raised for a period of 14 days, at an average weighted rate of 8.01%.Deposit auctions are held as part of anti-inflation measures. During the auction, the Central Bank accepts deposits from commercial banks for placement. The main purpose of deposit au...

Please login or subscribe to read more

Leave a review

Finance

Follow us on social networks

In Focus