Baku / 09/23/19 / Turan: The Central Bank raised AZN 100 million at a deposit auction on Monday.Demand at the auction exceeded supply by 6.4 times, amounting to 647.2 million manat. The funds were attracted for a period of 14 days, at an average rate of 6.26%.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...

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