Baku / 05.02.18 / Turan: At the deposit auction, the Central Bank raised AZN 250 million at a demand of AZN 520.8 million.Thus, the demand was twice the supply.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. During the auction, the Central Bank accepts deposits from commercial banks for placement. The main purpose of deposit auctions is the steriliz...

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