Sun, 28 September
24.1 C
Yerevan
USD: 382.71 RUB: 4.59 EUR: 446.43 GEL: 141.38 GBP: 510.80

Central Bank of Armenia to increase refunding rate

YEREVAN, March 12. /ARKA/. CB Armenia will continue the policy of increasing refunding rates in the nearest future by facilitating monetary-credit conditions, said CB monetary-credit policy department head Artur Stepanyan.

On March 4, 2011, CB board adopted decision on increasing refunding rates by 0.5 percent point in the size of 8.25%.

Stepanyan said that further developments of the rates will depend on their level, particularly on the level of inflation, internal and external environment.

Last time CB increased refunding rate on February 8, 2011 by 0.5 p.p. to 7.75%. During 2010 refunding rate was increased five times – from 5.0 to 7.25% (January 21, February 16, March 9 and April 13 – each time by 0.5 p.p. and on May 11 – by 0.25%). On January 11, 2011 CB board adopted a decision on remaining refunding rate unchanged – 7.25%.

CB board considers that consecutive facilitation of monetary-credit conditions, changes in the mechanism of mandatory reservation, assistance to other state structures in the process of implementation of anti-crisis measures will create pre-conditions for the return of inflation from the second half of 2011.

According to the State Budget of Armenia for 2011, inflation is planned in the size of 4±1.5% in the country. –0–

spot_img

POPULAR

“We want the word ‘investor’ in Armenia to mean normality, not elitism” – Freedom Broker Armenia

ARKA news agency spoke with Freedom Broker Armenia Director Ovak Ovakimian about the transformation of investment thinking, company strategy and trust as an economic value.

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.

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 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.

LATEST NEWS

spot_imgspot_imgspot_img