Central Bank of Armenia lowers refinancing rate to 6.75%

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%).

spot_img

POPULAR

Armenia has benefited from capital transit, but its origins pose reputational risks – Tavadyan

The report of the Council of Europe Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism (MONEYVAL) on Armenia documented the country's progress in developing its anti-money laundering and counter-terrorist financing systems, but identified insufficient effectiveness in investigations, prosecutions, and confiscation of criminal assets, as well as the need for stronger oversight in several economic sectors.

Armbanks Weekly Digest: Key Events in the Armenian Financial Market (July 6–12)

The week in Armenia's financial market was marked by accelerating annual inflation and activity in the government and corporate securities markets.

Unibank to Raffle a Trip to Italy

Unibank announces the launch of a special campaign, "More Opportunities with Unibank Mastercard World Travel Card."

Fitch forecasts inflation in Armenia at 4.4% in 2026, subsequently declining to 3%

The international rating agency Fitch Ratings expects inflation in Armenia to average 4.4% in 2026, after which it will gradually return to its target level of 3%.

MONEYVAL does not pose a direct threat to the Armenian economy, but requires balanced implementation of its recommendations – economist

The recommendations of the MONEYVAL report on Armenia do not pose a direct threat to the country's economy, but their implementation must be proportionate and not create unjustified barriers for bona fide businesses and investors, according to economist Hrant Mikaelyan.

LATEST NEWS

spot_imgspot_imgspot_img