Azerbaijan’s Central Bank raises 50M manats at auction

  25 July 2016    Read: 1041
Azerbaijan’s Central Bank raises 50M manats at auction
The Central Bank of Azerbaijan (CBA) raised 50 million manats at a deposit auction July 25, said CBA message posted on its website July 25.
Local banks’ demand coincided with the amount that the CBA was ready to receive. The weighted average interest rate on deposit transactions, concluded at the auction, amounted to 6.99 percent.

The Central Bank has held four deposit auctions recently. The CBA attracted 129 million manats during the first auction, 50 million manats during the second auction, 45 million manats during the third auction, and 37 million manats during the fourth auction.

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