Wed, 17 September
19.1 C
Yerevan
USD: 383.12 RUB: 4.63 EUR: 452.35 GEL: 141.48 GBP: 522.04

Central Bank of Armenia raises refinancing rate by 0.5 points to 6.5%

YEREVAN, March 9. /ARKA/. The board of the Central Bank of Armenia has decided to raise refinancing rate by 0.5 percentage points to 6.5%, the central bank’s press office reported on Tuesday.

The central bank says 0.3% inflation was recorded in Armenia in February, compared with January.

As a result, year-on-year inflation rose 2.4 percentage points in February, compared with the previous month, to 9.4%.

Remarkable is that such a precipitous increase of the year-on-year indicators was due to inflation developments in February 2009, when the country recorded 1.8% deflation.

The central bank thinks inflation reached its peak in February, and its increase will start slowing in March, despite the rise in prices for some utilities in April 1.

Inflation environment of previous months due to increase in world prices for raw materials, mining industries products and essential foods as well as gradual recovery of economic activity will remain unchanged.

According to the press release, the central bank attaches importance to the gradual tightening of monetary policy aimed at narrowing inflation deviation from the planned level.

The previous raise of refinancing rate was made on February 16.

The central bank raised it 0.5 percentage points to 6.0% then. -0—

spot_img

POPULAR

3.6% inflation registered in Armenia in August

n the consumer market of Armenia, 12-month inflation in August of this year amounted to 3.6%, according to the report of the National Statistical Committee (NSC) of Armenia.

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.

Central Bank of Armenia initiates discussions on draft by-laws related to Law on Cryptoassets

The Central Bank of Armenia is set to conduct a public discussion on  the draft by-laws essential for implementing the Law on Cryptoassets, which became effective on July 4 of this year, as reported by the regulator's press service.

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.

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