Central Bank of Armenia lowers refinancing rate to 8.5%

Banks

YEREVAN, March 12. /ARKA/. The Central Bank of Armenia has cut today the refinancing rate by 0.25 percentage points, setting it at 8.5%, the regulator’s press service reports.

It has also lowered  the lombard repo rate to 10% and the loan attraction rate to 7%.

This is the 7th lowering of the refinancing rate since June last year. The previous one was was on January 30, 2024. -0-

spot_img

POPULAR

Banks

Dili Town in Dilijan: A hotel complex with 96 partners plans to enter the international market

Seven years ago, the Dili Town concept existed only as an idea, but today it has been realized as a complex unique in Armenia – a "city within a city."
Economy

Central Bank of Armenia continued its rate hike amid prevailing inflation risks – Galstyan

The Board of the Central Bank of Armenia has decided to continue its policy of raising interest rates, taking into account the likelihood of scenarios involving increased inflation risks, stated Central Bank Chairman Martin Galstyan.
Banks

IDBank has issued perpetual coupon bonds for the first time

On November 2, 2026, IDBank will, for the first time, offer registered perpetual coupon bonds through a public offering on the following terms.
Banks

Central Bank of Armenia plans to develop an Open Banking concept in 2027: Galstyan assessed the prospects for cheaper financial services

The Central Bank of Armenia plans to develop an Open Banking and Open Finance concept in 2027, after which it will be formalized into law. This was announced by Central Bank Chairman Martin Galstyan.
Economy

Armenia’s public debt-to-GDP ratio in 2027 may exceed the expected 2026 figure by 0.7 percentage points

Armenia's public debt-to-GDP ratio in 2027 is projected to be 47.2%, which is 0.7 percentage points higher than the expected 2026 figure, according to Martin Galstyan, Chairman of the Central Bank of Armenia.

LATEST NEWS

spot_imgspot_imgspot_img
Previous article
Total volume of transactions on AMX in 2023 decreased to 185 billion drams
Total volume of transactions on AMX in 2023 decreased to 185 billion drams
Next article
инфляция, экономика, бизнес
Inflation in Armenia will not approach 4% in the first quarter – head of Central Bank