Demand exceeds supply almost 4-fold at CBA’s auction

Economic Department
Author

13 November 2017 / 08:39

Baku. 13 November. REPORT.AZ/ The Central Bank of Azerbaijan (CBA) has today held a regular deposit auction.

Report informs citing the CBA, the bank has attracted 200 mln. AZN as planned, but demand made 790,1 mln. AZN (3,95-fold more).

Notably, weighted average interest rate on deposit transactions at the auction amounted to 10,01% per annum.

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