Armenian Central Bank cuts interest rates

Interfax
June 7 2004
Yerevan. (Interfax) - The Central Bank of Armenia cut its interest
rates from 17% to 16% on June 4, the bank's press service told
Interfax.
The bank last changed its interest rate on May 6, 2004, when it
reduced it from 18% to 17% per year.
The REPO rate currently amounts to 6%, the rate on Central Bank
deposits - 1%, and the rate for Lombard credits - 20%.