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%.