Baku / 01.10.18 / Turan: At the deposit auction on Monday, the Central Bank raised 350 million manats. Demand at the auction, in turn, amounted to 1,061,200,000 manats. Thus, demand exceeded supply by 3 times.The funds were raised for a period of 14 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...

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