Baku / 18.11.19 / Turan: At a deposit auction on Monday, the Central Bank raised 100 million manats. The funds were raised for a period of 14 days, at a weighted average rate of 6.01%.Demand at the auction amounted to 605 million manats. Thus, demand at the auction exceeded supply by 6 times.Deposit auctions are held as part of anti-inflationary measures. During the auction, the Central Bank accepts deposits of commercial banks for placement. The...

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