ECONOMY


CBA to hold deposit auction

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Baku, October 7, AZERTAC

The Central Bank of Azerbaijan (CBA) will hold a deposit auction to attract funds on September 10, the CBA said.

The auction will be held on the Bloomberg trading platform. Period of deposit auction makes 28 days.

CBA will receive AZM 50 million from the banks. Interest rate on the banks’ deposits will vary between 12.01 percent and 14.99 percent

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