Baku / 21.06.18 / Turan: The Central Bank raised AZN 350 million at a deposit auction. The demand amounted to 843.8 million manat. It exceeded the supply by 2.4 times. The funds were attracted for a period of 12 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 auctions is th...

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