Azerbaijan’s Central Bank to hold another deposit auction
Baku, Azerbaijan, Aug. 11
By Anvar Mammadov – Trend:
The Central Bank of Azerbaijan (CBA) will hold the next deposit auction on Aug. 15 to raise funds, CBA said in a message Aug. 11.
The auction will be held on Bloomberg trading platform. Volume of funds that the CBA is ready to receive from banks will be 50 million Azerbaijani manats and the interest rate on deposits will vary between 4.01 and 9.49 percent.
The funds will be placed for a period of 28 days.
The Central Bank began to hold deposit auctions in mid-July. The CBA has attracted over 370 million manats from local banks since the start of deposit auctions.