Wed, 9 April
11.1 C
Yerevan
USD: 391.01 RUB: 4.56 EUR: 427.33 GEL: 141.93 GBP: 498.85
spot_img

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

Draft law on crypto assets to be submitted to Armenian parliament in coming weeks – Deputy Chairman of Central Bank

The draft law on crypto assets, developed by the Central Bank of Armenia in the context of European norms, will be submitted to the Armenian parliament in the coming weeks, said Deputy Chairman of the Central Bank Armen Nurbekyan.

Ministry of Economy and  IMF delegation discussed Armenia’s economic diversification, export strategy

Yesterday, Armenian Economy Minister Gevorg Papoyan received a delegation led by Iva Petrova, head of the International Monetary Fund (IMF) mission in Armenia.

Concept of a private investment fund in Armenia discussed by Minister of Economy with Nubar Afeyan

The concept of creating a private investment fund in Armenia within the framework of effective public-private partnership was discussed by Armenian Minister of Economy Gevorg Papoyan and American businessman Nubar Afeyan.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Banks and SMEs discuss prospects for cooperation (VIDEO)

The Union of Armenian Banks, in collaboration with the German-Armenian Fund, brought together representatives of the financial sector to conduct an important dialogue between banks and SMEs, summarize the past year, and plan for future work.

LATEST NEWS

spot_imgspot_imgspot_img