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-
