Armenian central bank downs refinancing rate to retain economic stability

YEREVAN, March 20. /ARKA/. The Central Bank of Armenia has lowered the refinancing rate to maintain macroeconomic stability in the country, Arthur Stepanyan, a member of the central bank’s board, said at a news conference at the Unified Information Center on Friday.
On March 17, the regulator decided to reduce the refinancing rate by 0.25 percentage points, bringing it to 5.25%.

“The Central Bank of Armenia lowered the refinancing rate, while many countries in the region increased it or left it unchanged, because in this situation the role of monetary policy is limited, and its tools cannot impact the development of the real economy due to health issues, as well as the development of certain areas economy,” Stepanyan said.

He pointed out the need to continue maintaining macroeconomic stability, which will allow the government to provide more effectively targeted measures in connection with various sectors of the economy.

In addition, in his words, given that a rather low inflationary atmosphere has been recorded in Armenia since 2015 and that at the moment inflation is again quite low, the central bank in this way makes it possible to balance the main goals of economic activity and price stability.

The last time the Central Bank of Armenia changed the refinancing rate on September 10, 2019, lowering it by 0.25 percentage points, to 5.5%. Before that, the regulator last changed the refinancing rate in March 2017, when it suspended the easing of monetary policy, setting it at 6%.
In the government budget of Armenia for 2020, economic growth is projected at 4.9%, and inflation at 4% (± 1.5%). -0—

spot_img

POPULAR

EBRD invested €3 billion in Armenia through 245 projects – Falcetti

The European Bank for Reconstruction and Development (EBRD) is one of the leading institutional investors in Armenia, and to date has invested over €3 billion in Armenia through 245 projects, 85% of which are in the private sector.

Armenia’s total public debt exceeded $14 billion as of March 2026

Armenia's total public debt as of March 31, 2026, amounted to $14,077.138 million, a decrease of $57.761 million compared to February 28, 2026. This is according to a report by the National Statistical Committee of Armenia.

Loans issued by Armenian commercial banks exceeded 8.16 trillion drams at the end of March

The volume of loans issued by commercial banks in Armenia as of the end of March 2026 amounted to 8,163,745 million drams, compared to 8,035,184 million drams at the end of February, according to data from the Statistical Committee.

IDBank was the strategic partner of the “Women in Leadership Forum & Awards 2026”

IDBank was the strategic partner of the “Women in Leadership Forum & Awards 2026” an event that brought together successful women leaders from various industries and professional fields.

Investment portfolio of Armenian credit institutions in the first quarter of 2026 exceeded 100.6 billion drams

The total investment portfolio of Armenian credit institutions in the first quarter of 2026 amounted to 100.6 billion drams, according to the consolidated financial report of the country's credit institutions.

LATEST NEWS

spot_imgspot_imgspot_img