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

YEREVAN, September 15. /ARКА/. 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%.

According to the regulator’s press service, the Board simultaneously set the Central Bank’s Lombard repo rate at 8.25% and the rate on funds attracted by the Central Bank from banks at 5.25%.

The Central Bank of Armenia’s rate cut cycle began in August 2023, when the regulator lowered it from 10.75% to 10.5%. The rate was subsequently reduced in stages, reaching 6.5% in December 2025, after which it remained at that level. The September 15 decision marked the first rate increase since December 2022.

spot_img

POPULAR

VTB (Armenia) supports the Newmag BOOK DONATION initiative in the city of Hrazdan

VTB (Armenia) continues to support the socially significant "BOOK DONATION" project by the Newmag publishing house, which aims to replenish library collections in Armenia’s regions with contemporary literature.

Remittances to Armenia from EAEU member states could drop by $2.1 billion, conditions for labor migration could become more stringent

Should Armenia’s participation in the Eurasian Economic Union (EAEU) be suspended, monetary transfers from EAEU member states to Armenia could fall from a projected $3,953.5 million in 2025 to $1,850 million—a decrease of $2,103.5 million.

Yerevan’s own budget revenues exceed target by 3.6 billion drams over 9 months

As of September 30, 2026, Yerevan’s budget had received 75.7 billion drams in own revenues, surpassing the 72.9 billion drams projected for the January–September period, reported David Hakobyan, acting head of the Revenue Accounting and Collection Department at the Yerevan City Hall.

Armenia’s commercial banks contributed 149.22 billion drams to the state budget in the first nine months of 2026

All 17 commercial banks currently operating in Armenia were included in the list of the country’s 1,000 largest taxpayers for the first nine months of 2026, according to data from the State Revenue Committee of the Republic of Armenia.

Armenia’s corporate bond market could double over five years – head of Cube Invest

Armenia’s corporate bond market is entering a new stage of development, expanding opportunities for businesses to secure financing while offering investors an alternative to bank deposits.

LATEST NEWS

spot_imgspot_imgspot_img