Azerbaijani Central Bank plans to raise AZN 350 million at deposit auction on 18 March

The Central Bank of Azerbaijan (CBA) will hold another deposit auction for banks.

The CBA reports that the auction will be held on 18 March, and it is expected to raise AZN 350 million for 14 days, abc.az reports.

The interest corridor on the raised funds is set at 7.01%-8,99%.

The CBA has been holding deposit auctions since June 2016.