Baku / 27.03.19 / Turan: At a deposit auction, the Central Bank raised 350 million manat. The funds were raised for a period of 12 days, at a weighted average rate of 7.01%. The demand at the auction amounted to 849 million manat, having exceeded supply by 2.4 times.Deposit auctions are conducted as part of anti-inflation measures. During the auction, the Central Bank accepts deposits from commercial banks. The main purpose of deposit auctions is...

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