Baku / 11.06.18 / Turan: At the deposit auction on Monday, the Central Bank raised 350 million manat. Demand at the auction amounted to 803.1 million manat and exceeded the supply 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 de...

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