Central Bank of Armenia raises interest rate by 1pct to 12% p.a.

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08.10.2008, 20:33

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.

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. --0--

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