YEREVAN, March 24. /ARКА/. Compared to previous surveys, market participants’ expectations regarding the Central Bank of Armenia’s refinancing rate have slightly adjusted downwards, reflecting the trajectory of a gradual reduction in the refinancing rate over the next eight decisions. This is stated in the Central Bank of Armenia’s monetary policy statement.
“The yield curve has shifted slightly downward, also reflecting a gradual adjustment in inflation expectations due to the lowering of the inflation target. At the same time, according to the Central Bank’s estimates, in addition to the market’s expectations for the rate, various risk factors are also reflected in the current yield curve indicators,” the statement reads.
The regulator makes decisions on the refinancing rate eight times a year. On March 18, the Central Bank’s Board concluded the current cycle of reducing the refinancing rate for the first time since June 2023, leaving it unchanged at 6.75%.
