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ARMENIAN CENTRAL BANK LOWERS INTEREST RATE
RIA Novosti, Russia
March 9 2006
YEREVAN, March 9 (RIA Novosti) - The Central Bank of Armenia announced
Thursday that it was lowing interest rates from 16% to 15% per year.
The decision was taken by Central Bank Chairman Tigran Sarkisyan.
The move came after a similar cut in the interest rate on November 1
2005, from 17% to 16%, as the authorities sought to encourage private
business to expand.
RIA Novosti, Russia
March 9 2006
YEREVAN, March 9 (RIA Novosti) - The Central Bank of Armenia announced
Thursday that it was lowing interest rates from 16% to 15% per year.
The decision was taken by Central Bank Chairman Tigran Sarkisyan.
The move came after a similar cut in the interest rate on November 1
2005, from 17% to 16%, as the authorities sought to encourage private
business to expand.