Baku / 27.03.18 / Turan: At the deposit auction on March 27 the Central Bank raised 200 million manat.The demand was 972.7 million manat. Thus, demand exceeded supply by about five times.The funds were raised for a period of 13 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 deposi...

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