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Armenian CB Decreases Bank Interest Rate By 1%

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  • Armenian CB Decreases Bank Interest Rate By 1%

    ARMENIAN CB DECREASES BANK INTEREST RATE BY 1%

    ARKA News Agency, Armenia
    July 2 2007

    YEREVAN, July 2. /ARKA/. The Central Bank of Armenia decreased the
    bank interest rate by one percent to 12% annual interest rate. The
    CBA press-service reported this decision was made by the Central Bank
    of Armenia Council on June 29, 2007.

    The last change in the interest rate was made on March 2, 2007, when
    the Central Bank decreased the bank interest rate by one percent to
    13%.
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