Central Bank of Armenia lowers refinancing rate by 0.5 percentage points to 8.75%

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YEREVAN, January 30. /ARKA/. Armenian Central Bank  has lowered today  the refinancing rate by 0.5 percentage points, setting it at 8.75%, the regulator’s press service reported.

The Central Bank has also cut the lombard repo rate  to 10.25% and the rate at which commercial banks  attract funds to 7.25%.

This is the 6th lowering of the refinancing rate over the last 13 months–0–

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Galstyan names two factors that influenced Central Bank’s decision to lower refinancing rate
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