Sat, 14 June
22.1 C
Yerevan
USD: 384.44 RUB: 4.83 EUR: 434.11 GEL: 140.51 GBP: 515.15

Increase of refinancing rate will affect Armenian lending market, but with a certain lag – Central Bank

YEREVAN, August 3. /ARKA/. An increase in the refinancing rate will have a certain impact on the lending market, Deputy Chairman of Armenia’s Central Bank Nerses Yeritsyan said on Tuesday.

“But we believe that the trends that currently exist in the banking system, in the financial market will persist,” he explained saying that the impact of the Central Bank’s decisions occurs with a certain lag.

Yeritsyan said that the policy of the Central Bank is aimed at curbing inflation and all other parameters are derived from it.

The previous day, the Central Bank raised the refinancing rate by 0.25 percentage points to 9.5%. Before that the regulator had raised the refinancing rate on March 15 this year by 1.25 percentage points to 9.25%. -0-

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Ranking of Armenia’s most profitable banks in 2024

ARKA news agency has released a ranking of the most profitable commercial banks in Armenia in 2024.

Time of the Brave: head of investment banking at Dimension Investments on the prospects of Armenia’s capital market development (Exclusive)

Armenia's investment climate is undergoing significant changes, and the financial market is becoming more active. Armen Hovhannisyan, Director of investment banking at Dimension Investments, speaks  in an exclusive interview with ARKA news agency about the barriers to development, tools for accelerating growth, as well as the prospects of venture capital.

Armenia is experiencing an investment boom: opportunities, barriers and main misconceptions

Armenia's investment market is experiencing a period of active development: the number of issues is growing, digital technologies simplify access to financial instruments.

LATEST NEWS

spot_imgspot_imgspot_img