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

Armenia’s central bank leaves refinancing rate unchanged at 5.75%

YEREVAN, July 31 /ARKA/. Armenia’s Central Bank decided today to leave the refinancing rate unchanged at 5.75%.

It said in June 2019 deflation of 1.9% was registered against deflation of 1.6% in the same period last year. As a result, the inflation at the end of June 2019 dropped to 2.5%. It said the drop was driven by a deeper seasonal decline in prices for a number of agricultural products. It said also that the natural inflation rose slightly during the month.

According to the regulator, despite the fact that the inflationary environment remains weak in the basic food and commodities markets, it does not expect inflationary pressures from the external sector.

The Central Bank said it gives preference to a gradual recovery of inflation and considers it appropriate to maintain the current stimulating size of monetary conditions, leaving the refinancing rate unchanged.

On January 29 of the current year, the Central Bank, for the first time in almost two years, lowered the refinancing rate by 0.25 percentage points to 5.75%. -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.

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.

Net loan portfolio of Armenian banks in Q2 2025 increased by 6.11% to AMD 6.8 trillion

The combined loan portfolio of 17 Armenia-based commercial banks upped  by 6.11% in Q2 2025 compared to Q1 2025, amounting to AMD 6.82 trillion, according to a ranking compiled by  the ARKA news agency.

Moody’s upgrades Converse Bank’s ratings

Moody's Ratings has upgraded Converse Bank CJSC's long-term local and foreign currency bank deposit ratings to Ba3 from B1, aligning the Bank’s rating with Armenia’s sovereign rating.

LATEST NEWS

spot_imgspot_imgspot_img