Central Bank attracts AZN 129M at first deposit auction

Central Bank attracts AZN 129M at first deposit auction
# 13 June 2016 13:36 (UTC +04:00)

Baku. Musa Ahmadov - APA-Economics. Taking into account the macroeconomic processes, targets on monetary policy, as well as liquidity of banking sector, the Central Bank of Azerbaijan decided to hold deposit operations within auctions on involvement of funds.  

 

Central Bank of Azerbaijan told APA-Economics that the deposit operations aim to develop monetary market and promote improvement of operational framework on monetary policy.

 

Volume of deposits attracted at an auction held today amounted to AZN 129 million, the weighted average interest rate to 6.49$.

 

 

 

 

 

 

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THE OPERATION IS BEING PERFORMED