Sat, 26 July
22.1 C
Yerevan
USD: 383.94 RUB: 4.85 EUR: 450.25 GEL: 141.78 GBP: 516.63

Interest rates at Armenia’s financial market continue their downward motion

YEREVAN, October 3. /ARKA/. Interest rates at Armenia’s financial market keep going down, the board of the Central Bank of Armenia said on September 23 at its session.

According to the report received Friday from the press office of the regulator, at the same session the board decided to leave the key refinancing rate unchanged – at 6.75%.

The average intra-bank REPO went 0.2 percentage points down over one month to 6.9% by September 18, the average interest rate on up-to-one-year government bonds slid 0.3 percentage points to 7.3% and the average interest rate on inter-banking loans was 6.4% after slipping 0.4 percentage points in September, compared with August.

The U.S. dollar rose 0.4% against the Armenian dram on September 18, compared with August 13, and traded at 409.5 drams.

Instead, the euro sank 2.5% against the Armenian national currency and traded at 537.7 drams and the Russian ruble dived 5.3% to 11.1 drams. ($1- AMD 407.88). –0–

spot_img

POPULAR

In Armenia, bad loans worth over $1 million have been written off under the state support program – Ministry of Social Affairs

14,757 applications for writing off bad loans have been received in Armenia within the framework of the relevant state support program, which started on February 1, 2025.

A scheme for stealing funds through fake investment platforms  exposed in Yerevan

A criminal group operating in one of the capital's business centers and stealing citizens' money through Internet calls has been exposed in Armenia, the Investigative Committee of Armenia reports.

Fitch forecasts Armenia to tighten fiscal policy after 2027

Fitch Ratings analysts forecast a tightening of fiscal policy by the republic's authorities in a new report on Armenia.

Fitch expects inflation in Armenia to remain within the target level until 2027

International rating agency Fitch expects inflation in Armenia to remain within the target level until 2027, although soft fiscal policy and the projected moderate weakening of the dram create certain risks.

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