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Demand exceeds supply again at today's deposit auction
Finance
- 27 March, 2017
- 09:10
Baku. 27 March. 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 300 mln. AZN, but demand made 336,3 mln. AZN (12,1% of total amount).
Notably, weighted average interest rate on deposit transactions at the auction amounted to 14,71% per annum.
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