Another REPO auction was held at the Baku Stock Exchange (BSE), at which the Central Bank of Azerbaijan (CBA) acted as a party. This is reported by the BSE The report says that 120 million REPO items (120 million manats) were put up for auction at a starting price of 1 manat. 14 banks submitted 24 orders totaling 131.1 million manats to them. Thus, the placement occurred completely. The REPO period was 7 days, the minimum interest was 6.76%, the maximum interest and cut-off percentage was 8.49%, and the weighted average interest was 7.13%, which corresponds to the lower and upper limits of the CBA interest corridor. Recall that at the first repo auction held in December, an application for a repo of 100 million manats was placed in the amount of 42.5 million manats. Thus, the placement occurred 57.5% less than expected. This time, demand exceeded supply by 9.25%. At the same time, the number of customer banks increased from 7 to 14, and the number of orders -from 16 to 24. In other words, the interest of banks in the REPO auction increased

Source: Turan News Agency