Sat, 6 September
20.1 C
Yerevan
USD: 384.03 RUB: 4.80 EUR: 443.29 GEL: 142.29 GBP: 510.11

Armenian central bank downs refinancing rate by 0.2 p.p. to 4.25%

YEREVAN, September 15. /ARKA/. The Board of the Central Bank of Armenia decided Tuesday at its meeting to reduce the refinancing rate by 0.25 percentage points and set it at 4.25%, the press service of the regulator reports.

The rate of the Lombard repo provided by the Central Bank is 5.75%, and the rate on funds attracted by the Central Bank from other banks is 2.75%.

The last time the Central Bank of Armenia at a meeting on July 28 left unchanged the refinancing rate at 4.5%.

On April 29, 2020, the National Assembly of Armenia approved the revision of budget indicators to because of the COVID-19 pandemic. Taking into account the unfavorable impact of the coronavirus, the budget forecast for GDP was lowered to a decline of 2%, while earlier, a 4.9% growth was projected in the government budget for 2020. The budget deficit was increased to 340 billion drams, or 5% of GDP (previously 2.3%). –0–

spot_img

POPULAR

Changes made to compulsory motor liability insurance in Armenia

The Armenian Bureau of Motor Insurers has launched a new feature, as reported by the Central Bank of Armenia.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Cryptocurrency in Armenia: Stringent Regulations and Elevated Expectations

The future of cryptocurrencies in Armenia was a topic of discussion among participants at the Armenian Cryptocurrency Assets Forum, which recently took place in Yerevan.

ArCa payment system reinstated

The Armenian Card (ArCa) payment system has been completely reinstated, according to a report from the company'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