Ashot Osipyan did not rule out the likelihood of further interest  rate cuts in Armenia

ArmInfo. Interest rates in Armenia  may drop. A similar forecast, when asked by journalists on June 11  during an event dedicated to the 12th general meeting of shareholders  of the bank, was voiced by the Chairman of the Board, Executive  Director of ARARATBANK Ashot Osipyan.

He noted that in 2018 in the banking system of Armenia there was a  decrease in interest rates, which was mainly due to high competition  in the market. In 2019, according to A. Osipyan, in addition to this  factor, positive signals come from the international market. In this  vein, he pointed to the Libor rate, which also decreases - from 2.8%  at the beginning of the year to 2.4% in six months. "I believe that  the policy of Trump led to the fact that in 2019 Libor will not show  growth", - the banker concluded.

It should be noted that according to the data of the Central Bank of  Armenia, interest rates on deposits decreased in 2015-2018 from 9.51%  to 5.33%, and on loans - from 14.31% to 10.53%. This trend continued  in 2019: in January-April, the rates on deposits decreased to 5.30%,  and on loans - to 10.45%.