Azerbaijan's CB to hold deposit auction with new interest range
BAKU, Azerbaijan, Dec. 18
By Zeyni Jafarov – Trend:
The Central Bank of Azerbaijan (CBA) will hold a deposit auction for banks on December 21, 2020, to attract 100 million manat ($58.8 million) for a period of 15 days, Trend reports citing the CBA.
This amount may increase compared to the amount declared at the auction by no more than 20 percent.
The auction will be held on the Bloomberg trading platform in the format of a hybrid auction from 11:00 to 11:15 GMT+4. The interest rate corridor on the funds to be raised at the auction on December 21 was set within the range of 5.76 - 6.24 percent.
At a deposit auction on December 14, 2020, the Central Bank attracted 200 million manat ($117.6 million).
The Central Bank of Azerbaijan has started to hold deposit auctions since June 2016.