Friday, May 18 2012 19:37
Armenian government bonds market yield underwent no changes in April
ArmInfo. The Armenian government bonds market yield underwent no changes in April 2012. The press service of the Central Bank of Armenia told ArmInfo that the CBA conducted a neutral monetary policy.
According to the source, by May 2012 the average market repo rate was 9.92%, and the interbank market repo rate was 9.45%. In the meantime, in the primary market the average yield of the government bonds with up to 1 year of maturity made up 8.93%.
In April 2012 AMD devaluation against USD was 0.74% in the currency market, and the exchange rate was fixed at 392.02 AMD/$1. AMD devaluation against EUR was 0.35%, with the exchange rate being 515.98 AMD/1EUR. The AMD/RUR exchange rate underwent almost no changes and was fixed at 13.29 AMD/1RU‚.
To note, on May 8 2012 the CBA Board retained the refinancing rate at 8%, and the lombard repo and deposit rates did not change either - 11% and 5% respectively.