Demand again exceeds supply at Azerbaijani Central Bank’s

29 November 2024

Demand again exceeds supply at Azerbaijani Central Bank’s auction

22:44 29 March 2018 Read: 1293

Demand again exceeds supply at Azerbaijani Central Bank’s auction

The Central Bank of Azerbaijan (CBA) raised 250 million manats from banks at a deposit auction on March 29, the CBA said in a message.

The demand from banks amounted to 706,9 million manats.

The average interest rate on deposit transactions concluded within the auction was 8.01 percent.

The CBA started to hold deposit auctions in mid-June 2016. Deposit auction is an auction during which the deposits of commercial banks are placed in the CBA. The main aim of such auction is sterilization of money supply.

More about: #Central-Bank

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