12:46 - 27.03.2019

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March 27, Fineko/abc.az. The Central Bank of Azerbaijan (CBA) has conducted another deposit auction for banks of the country.

The CBA reports that on 27 March it raised AZN 350 million in the deposit auction.

"The supply in the auction amounted to AZN 849 million. The weighted average interest rate made up 7.01%," the CBA said.

The funds were raised for the period of 14 days.

The CBA began holding deposit auctions in June 2016.