YEREVAN, 27 June. /ARKA/. The Eurasian Development Bank (EDB) expects the Central Bank of Armenia to reduce the refinancing rate to 7.5 per cent by the end of 2024 from the current 8 per cent.
On 11 June, the Central Bank Board lowered the rate again by 0.25 percentage points, setting it at 8.00%.
“A prolonged period of disinflation and a gradual slowdown in economic growth are shaping the conditions for a continued reduction in the refinancing rate in 2024. In the medium term, inflation will form near the lower boundary of the Central Bank’s target range (2.5-5.5 per cent),” EDB analysts said in their latest macro review.
Since June 2023, the Central Bank of Armenia has reduced the refinancing rate 9 times already.
