Demand exceeds supply by 10% at today's deposit auction

Demand exceeds supply by 10% at today's deposit auction The weighted average interest rate on deposit transactions amounted to 14.70% per annum
Finance
December 5, 2016 13:24
Demand exceeds supply by 10% at today's deposit auction

Baku. 5 December. REPORT.AZ/ Today, the Central Bank of Azerbaijan (CBA) has held a regular deposit auction.

Report informs referring to the bank, the banks were offered 50 mln. AZN, but the demand made 55 mln. AZN.

The weighted average interest rate on deposit transactions at the auction amounted to 14.70% per annum.

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