Azerbaijan's Central Bank to hold deposit auction next week

  04 September 2020    Read: 598

The Central Bank of Azerbaijan (CBA) will hold a deposit auction for banks to attract 150 million manats ($88 million), the press service of the CBA reported.

The auction will take place on September 7, 2020.

The interest rate on the attracted funds has been set at 6.26 - 6.74 percent.

The CBA attracted 100 million manats ($58 million) at the previous auction held on August 31.

The CBA started holding the deposit auctions in 2016.

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