Baku / 29.01.18 / Turan: At the deposit auction of the Central Bank on Monday, demand exceeded supply by 2.8 times. The Central Bank raised AZN 250 million against demand of AZN 695.4 million. The funds were raised for a period of 14 days, at an average weighted rate of 13.05%.Deposit auctions are held as part of anti-inflation measures. During the auction, the Central Bank accepts deposits of commercial banks for placement. The main purpose of d...

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