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Supply exceeds demand by 40% at today's deposit auction
Finance
- 26 December, 2016
- 11:54
Baku. 26 December. REPORT.AZ/ Today, the Central Bankof Azerbaijan (CBA) has held a regular deposit auction.
Report informs referring to the CBA, the banks were offered 50 mln. AZN, but the demand was 30 mln. AZN (60%).
The weighted average interest rate on deposit transactions at the auction amounted to 14.10% per annum.
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