Armenia’s interest rates on deposits slash 0.2 p.p. to 9% in July

27.08.2012 14:31
Armenia’s interest rates on deposits slash 0.2 p.p. to 9% in July

YEREVAN, August 27. /ARKA/. An average interest rate on deposits in Armenia slashed 0.2 p.p. to 9% in July from a month earlier, according to the data published on Armenian Central Bank’s website.

An average interest rate on short-term dram deposits increased by 0.9 p.p. to 10.1% within the reported period.

At the same time, interest rates at which short-term deposits in foreign currency can be opened dropped by 0.9 p.p. to 5.9% within the reported period.

Average interest rates on long term dram deposits rose by 0.4 p.p. to 11.7%, and on deposits in foreign currency – shrank by 1.4 p.p. to 8.2%. ($1- 409.4 drams).—0-


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