Baku / 07.05.18 / Turan: At the deposit auction on May 7 the Central Bank raised 350 million manat. Demand at the auction amounted to 917.9 million manat. Thus, demand exceeded supply by 2.6 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 main purpose...

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