Thu, 18 September
26.1 C
Yerevan
USD: 382.94 RUB: 4.61 EUR: 453.25 GEL: 141.01 GBP: 522.45

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

3.6% inflation registered in Armenia in August

n the consumer market of Armenia, 12-month inflation in August of this year amounted to 3.6%, according to the report of the National Statistical Committee (NSC) of Armenia.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

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.

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.

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.

LATEST NEWS

spot_imgspot_imgspot_img