Budget of Deposit Auction to Be AZN 200 Million
2017 November 10 ( Friday ) 12:03:36
Baku / 10.11.17 / Turan: At the deposit auction on November 13, the Central Bank of Azerbaijan plans to raise AZN 200 million.
The funds will be attracted for a period of 14 days, at an average weighted rate of 10.01% -14.99%.
Deposit auctions are held as part of anti-inflation measures. During the auction, the Central Bank accepts deposits of commercial banks for placement. The main purpose of deposit auctions is sterilization of the money supply.
The Central Bank started holding deposit auctions in June 2016. -71D-