CENTRAL BANK OF ARMENIA RAISES INTEREST RATE BY 1PCT TO 12% P.A.

ARKA
Oct 8, 2008

YEREVAN, October 8. /ARKA/. The Central Bank of Armenia raised bank
interest rate by 1pct up to 12% per annum. The decision was made by
the CBA Board yesterday, the CBA Press Service reported.

The previous change in interest rate was effected on December 3 last
year when the Central Bank reduced bank interest rate by 1pcvt down
to 11% p.a.