Baku / 10.08.20 / Turan: At the deposit auction on Monday, the Central Bank attracted 150 million manats. The funds were raised for a period of 14 days at an average weighted rate of 6.26%.The demand at the auction amounted to 621.5 million manats. Thus, demand exceeded supply 4.1 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 the auctions is to ...
