Demand at Deposit Auction Exceeded Supply 6.3 Times
Baku / 26.10.20 / Turan: At a deposit auction on Monday, the Central Bank attracted 100 million manats.The funds were raised for a period of 14 days at an average weighted rate of 6.01%.The demand at the auction amounted to 633 million manats, thus exceeding the supply by 6.3 times.Deposit auctions are held as part of anti-inflationary measures. During the auction, the Central Bank accepts deposits from commercial banks for placement. The main purpose of auctions is to ...