Baku / 03.09.18 / Turan: At the deposit auction on Monday the Central Bank raised 350 million manat. Demand at the auction amounted to 542 million manat. Thus, the demand for the deposit auction exceeded the supply by 1.5 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...

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