Average interest rate on deposits in Armenia shrinks 0.1 p.p. to 8.3% in February

22.03.2012 14:35
Average interest rate on deposits in Armenia shrinks 0.1 p.p. to 8.3% in February

YEREVAN, March 22. /ARKA/. Average interest rate on deposits in Armenia downed 0.1 percentage points to 8.3 % in February from January, the report published on Armenia’s Central Bank’s website says. According to the data compiled by CB, average interest rate on short-term deposits in Armenian drams lost 1 p.p. in average appearing at 9.5 %, whereas in foreign currency – advanced 0.4 p.p. in average to 5.8 % in February from a month earlier.

At the same time average interest rate on long-term deposits in Armenian drams climbed 0.7 p.p. to 10.8 %, while in foreign currency- dropped by 0.8 p.p. to 7 %. ($1- 388.12 drams). –0--


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