YEREVAN, March 18. /ARKA/. Interest rates on dram deposits went down in Armenia in February 2016 as those on dram loans went up, according to the central bank’s figures.
In February, compared with January, interest rates on up-to-one-year deposits in drams shed 1.91 percentage points to 11.44% and interests on longer-than-one-year dram deposits slid 0.49 percentage points to 14.12%.
Interest rates on up-to-one-year deposits in dollars slipped 0.23 percentage points to 5.94% and on longer-than-one-year dollar deposits 0.34 percentage points to 7.5%.
Interest rates on dram loans for up to one year rose 2.21 percentage points to 19.18% and on longer dram loans 0.08 percentage points to 18.77%. Interests on dollar loans fell 1.8 percentage points to 8.22% and rose 2.34 points to 9.02% respectively.
The Central Bank of Armenia lowered the key rate from 9.75% to 8.75% in December and to 8.5% in February. —0—
