CBA: Demand exceeds supply by 6% at today's auction

Economic Department
Author

14 April 2017 / 10:41

Baku. 14 April. REPORT.AZ/ The Central Bank of Azerbaijan (CBA) has today held a regular deposit auction.

Report informs citing the CBA, the bank planned raising funds in the amount of 250 mln. AZN, but demand made 263,75 mln. AZN (5,5% more).

Notably, weighted average interest rate on deposit transactions at the auction amounted to 14,14% per annum.

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