Demand exceeds supply 2,8-fold at CBA’s deposit auction

Baku. 15 May. 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 amount of 150 mln. AZN, but demand made 420,6 mln. AZN (2,8-fold).

Notably, weighted average interest rate on deposit transactions at the auction amounted to 12,01% per annum.