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Daily Archives: Sep 12, 2023

Yearend inflation in Armenia to drop to about 0% – Central Bank

Yearend inflation in Armenia will drop to 0%, Chairman of the Central Bank of Armenia Martin Galstyan said at a press conference today

Acba Leasing offers JAC vehicles on exclusive leasing terms (VIDEO)

With the signing of a memorandum Acba Leasing, EV Motors Group and Chinese company JAC strengthened exclusive cooperation, the key goal of which is to create mutually beneficial conditions for Armenian businesses

Central Bank of Armenia lowers refinancing rate by 0.5 p.p. to 9.75%

YEREVAN, September 12. /ARKA/. Armenia's Central Bank has cut today the refinancing rate by 0.5 percentage points, setting it at 9.75%, the regulator's press service reported. It said the Central Bank's Board has also lowered the Lombard repo rate to 11.25% and the rate at which funds are provided to commercial banks to 8.25%. This is the third lowering of the refinancing rate by the regulator since the beginning of the year. On June 13 , the Central Bank set it at 10.5%, reducing it by 0.25 percentage points, and on August 1 it cut the rate by 0.25 percentage points to 10.25% --0--.