Wed, 15 October
10.1 C
Yerevan
USD: 382.77 RUB: 4.77 EUR: 442.18 GEL: 141.31 GBP: 507.67

Armenian central bank leaves refinancing rate unchanged

YEREVAN, December 8. /ARKA/. The board of the Central Bank of Armenia decided Tuesday to leave 5% refinancing rate unchanged, the press office of the central bank reports.

According to the report, Armenia recorded 1.2% inflation in November, compared with October, and the 12-month inflation reached 4.6% after rising 1.1 percentage points, compared with the previous month’s indicator.

The CBA board placed it on record that outside inflation pressure has intensified over the mentioned period due to faster-than-expected increase in world prices for essential foods and mining industry’s products.

Stronger inflation pressure is expected as domestic economic activity makes a gradual rally.

“Taking into account ongoing economic decline and volatility of gross demand recovery paces, the central bank’s board decided to refrain from tightening monetary conditions,” the press release says.

The last decrease of the annual refinancing rate took place on September 8, 2009 – the central bank lowered it by 0.25 percentage points to 5%.

Before that, on May 22, the central bank drove rate 1.0 points down to 6.25%.

Later, on June 9, the bank lowered it 0.25 points to 6%. On July 7, the rate was lowered again by 0.5% to 5.5% and on August 11 to 5.25%. -0–

spot_img

POPULAR

Ranking of Armenia’s most profitable banks in 2024

ARKA news agency has released a ranking of the most profitable commercial banks in Armenia in 2024.

Ranking of the most profitable banks in Armenia based on results of second quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the second quarter of 2025.

Ranking of most profitable banks in Armenia based on results of first quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the first quarter of 2025.

Investor of the new era: how the capital management culture is changing in Armenia

Interest in investments in Armenia is growing, but it is too early to talk about an established capital management culture.

The UAE instead of Europe : why Armenia needs to change its approach to crypto regulation – EXCLUSIVE

The Armenian Forum on Cryptocurrency Assets, organized by the Cilicia Business Club, was recently conducted in Yerevan.

LATEST NEWS

spot_imgspot_imgspot_img