Demand overtakes by 49% at CBA’s deposit auction

Baku. 3 April. 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 amount of 100 mln. AZN, but demand made 49,2% more - 149,2 mln. AZN.

Notably, weighted average interest rate on deposit transactions at the auction amounted to 14,76% per annum.