Demand at Deposit Auction Exceeds Supply by 2.87 Times

Baku / 02.10.17 / Turan: Demand exceeded supply by 2.87 times at the deposit auction of the Central Bank of Azerbaijan on Monday. The Central Bank raised 200 million manat, with a demand of 574 million manat. The funds were raised for a period of 14 days, at an average weighted rate of 10.01%.

Deposit auctions are held as part of anti-inflation measures. The Central Bank has started holding deposit auctions since June 2016. -71D-

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