02/10/2014 11:35
Zhamanak: When bank interest rates will decline?
When asked by ‘Zhamanak’ paper when interest rates will be reduced as business development is hindered by the high rates, Deputy Chairman of the Central Bank of Armenia, ex-minister of economy Nerses Yeritsyan replied: “The answer to your questions lies in the amount of our savings. Are we prepared to deposit our savings in banks at lower interest rates? When we solve this problem, then the banks will provide credits at lower interest rates”.