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Demand down by 4-fold at today's deposit auction
Finance
- 20 February, 2017
- 08:06
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Baku. 20 February. REPORT.AZ/ Today, Central Bank of Azerbaijan (CBA) has held a regular deposit auction.
Report informs referring to the bank, the bank planned raising funds in the amount of 150 mln. AZN, but demand made 47,7 mln. AZN (31,8% of total amount). This is 4,3 times less than in auction held on February 17.
Notably, the weighted average interest rate on deposit transactions at the auction amounted to 14,87% per annum.
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