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Demand exceeds supply 4,6-fold at Central Bank's auction
Finance
- 09 October, 2017
- 09:03
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Baku. 9 October. 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 100 mln. AZN, but demand made 456,3 mln. AZN (4,6-fold).
Notably, weighted average interest rate on deposit transactions at the auction amounted to 10,01% per annum.
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