YEREVAN, February 4. /ARKA/. At its meeting on February 4, the Board of the Central Bank of Armenia reduced the refinancing rate by 0.25 percentage points, setting it at 6.75%.
The Lombard repo rate was also lowered to 8.25%, and the rate for attracting funds was set at 5.25%, according to the regulator’s press service.
This marks the 14th consecutive reduction in the refinancing rate, beginning in June 2023.
To illustrate the timeline: on June 13, 2023, the Central Bank set the rate at 10.5%, reducing it by 0.25 percentage points. On August 1, the rate was lowered to 10.25%, followed by further reductions: to 9.75% on September 12, to 9.5% on October 31, to 9.25% on December 12, and to 8.75% on January 30, 2024. Other subsequent reductions occurred on March 12 (8.5%), April 30 (8.25%), June 11 (8%), July 30 (7.75%), September 10 (7.50%), October 29 (7.25%), and December 10 (7%).
