EDB expects Central Bank of Armenia to end refinancing rate cuts  in the first half of the year

YEREVAN, February 10. /ARKA/. The Eurasian Development Bank (EDB) expects Armenian Central Bank to end the refinancing rate cuts in  the first half of 2025 as inflation approaches the target range.

On February 4, the Central Bank lowered the refinancing rate by 0.25 p.p., to 6.75%. It was the 14th consecutive refinancing rate cut since June 2023.

“Slower wage growth, lower inflation expectations, as well as weaker-than-expected economic activity prompted the regulator’s decision to continue gradually lowering the interest rate,” the EDB said in its weekly macro review.

Armenia’s state budget for 2025 envisages inflation at the level of 3% (±1%). Inflation in January amounted to 1.7% y/y after 1.5% y/y a month earlier.

The Central Bank expects inflation to be within the range of 3.9-3.2% by the end of 2025. -0-

spot_img

POPULAR

Central Bank of Armenia raised its interest rate for the first time in over three years, to 6.75%

At its meeting on Tuesday, the Board of the Central Bank of Armenia decided to raise the monetary policy rate by 0.25 percentage points to 6.75%.

Risk premium on Armenian Eurobonds has decreased to approximately 170 bps – Central Bank Governor

The risk premium on Armenian Eurobonds has decreased to approximately 170 bps, Central Bank Governor Martin Galstyan stated yesterday at a press conference, responding to a question from ARKA news agency.

Significant inflows of transfers and capital to Armenia boosted reserves to a record $6.5 billion in August – WB

Thanks to significant remittance and capital inflows, gross reserves in Armenia rose to a record $6.5 billion in August, equivalent to 4.3 months of import coverage, according to the World Bank's Armenia "Monthly Economic Update – September 2026."

“The Power of One Dram” – General Partner of the “Climate Change and Women” Awards

The August beneficiary of "The Power of One Dram" initiative was "Orran" Charitable Non-Governmental Organization.

Food prices account for 57% of inflation in Armenia – WB

Food and non-alcoholic beverage prices account for 57% of inflation, despite a slowdown in their growth rate from 8.6% in June to 6.4% in August, according to the World Bank's Armenia "Monthly Economic Update – September 2026."

LATEST NEWS

spot_imgspot_imgspot_img