YEREVAN, November 6. / ARKA /. The Central Bank of Armenia at its meeting on Tuesday decided to raise the interest rate on deposits attracted by it from commercial banks by 0.5 pp to 6.5%, and to lower by 0.5 p.p. the rate on Lombard repo to 9.5%.
According to the Bank, the rates on lombard repo and attracted deposits in October were 10% and 6% respectively.
As previously reported, the Board of the Central Bank made a decision to reduce the margin between the rates on Lombard repo and deposits of commercial banks in order to reduce the volatility of the interest rates in the interbank market. -0-
