Demand exceeds supply by 40% at today's deposit auction by CBA

Economic Department
Author

Baku. 28 April. REPORT.AZ/ The Central Bank of Azerbaijan (CBA) has today held a regular deposit auction.

Report informs citing the CBA, the bank planned to raise funds of 250 mln. AZN, but demand made 350 mln. AZN (40% more).

Notably, weighted average interest rate on deposit transactions at the auction amounted to 13,53% per annum.

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