Baku / 06.24.19 / Turan: The Central Bank of Azerbaijan attracted 150 million manat at a deposit auction on Monday.The demand at the auction amounted to 813.4 million manat. Thus, demand exceeded supply by 5.4 times.The funds were raised for a period of 14 days, at a weighted average rate of 6.51%.Deposit auctions are held as part of anti-inflation measures. During the auction, the Central Bank accepts deposits from commercial banks. The main purpose of deposit auctions ...
