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Armenian Central Bank cuts interest rates

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  • Armenian Central Bank cuts interest rates

    Armenian Central Bank cuts interest rates

    Interfax
    June 7 2004

    Yerevan. (Interfax) - The Central Bank of Armenia cut its interest
    rates from 17% to 16% on June 4, the bank's press service told
    Interfax.

    The bank last changed its interest rate on May 6, 2004, when it
    reduced it from 18% to 17% per year.

    The REPO rate currently amounts to 6%, the rate on Central Bank
    deposits - 1%, and the rate for Lombard credits - 20%.
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