Baku / 19.02.20 / Turan: At a deposit auction on Wednesday, the Central Bank raised 100 million manat. The funds were raised for a period of 28 days, at an average rate of 5.51%. The demand at the auction amounted to 597 million manat, exceeding the offer by 5.9 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 main purpose of deposit...

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