Demand down by 4-fold at today's deposit auction

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.