Monday, April 8 2013 13:36
Interest rates in financial market of Armenia suffer decline for Q1 2013
ArmInfo. Interest rates in the financial market of Armenia fell for Q1 2013, showing stable dynamics. The Central Bank press-service told ArmInfo the average yield of 1-year government bonds in the primary market totaled 9.7% falling 0.6 percentage points versus the beginning of the year. The average interest rate of the stock-exchange inter-bank loans for the period under reviews fell 0.3pp to 7.7%. The average monthly repo-rate totaled 8.4% falling 1.4pp.
The source reports that in the currency market of Armenia devaluation of the AMD against USD totaled 1.4% for Q1 2013 versus the beginning of 2013 making up 411.5AMD/1USD. Dram devaluated against EUR 0.6% to 535.7 drams/1EUR and against RUR 1.3% to 13.4 AMD/RUR.
To recall, the Central Bank of Armenia decided on Tuesday to keep its rate of refinancing unchanged at 8%. Interest on Lombard repo-agreements and raised deposits made up 9.5% and 6.5%, respectively. Earlier on October 6 2012 CB Council reduced the interests on Lombard reports from 10% and the interests on deposits from 6%. Last time the rate of refinancing was changed on Apr 12 2011 from 8.5% to 8%. The rate has been left unchanged by present.
