{"id":156239,"date":"2024-07-29T13:40:32","date_gmt":"2024-07-29T13:40:32","guid":{"rendered":"https:\/\/armbanks.am\/2024\/07\/29\/251619\/"},"modified":"2024-12-15T13:55:22","modified_gmt":"2024-12-15T13:55:22","slug":"armenian-central-bank-to-cut-refinancing-rate-to-7-5-per-cent-by-end-of-2024-edb","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2024\/07\/29\/156239\/","title":{"rendered":"Armenian Central Bank to cut refinancing rate to 7.5 per cent by end of 2024 &#8211; EDB"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>YEREVAN, 29 July. \/ARKA\/. <\/strong>The Central Bank of Armenia is likely to further cut the refinancing rate to 7.5% by the end of 2024, the Eurasian Development Bank believes.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u2018The refinancing rate will be lowered as the inflation rate is below w the Central Bank&#8217;s target range (4\u00b11.5 per cent). According to our estimates, the restraining effect of monetary policy on demand will be gradually exhausted during the year. In 2025, the interbank lending rate will be near 7 per cent, which will correspond to stable inflation within the target range of the Central Bank,\u2019 the EDB forecast says.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The Board of the Central Bank of Armenia lowered the refinancing rate by 0.25 percentage points at a meeting on 11 June, setting it at 8.00%. It was the 9th lowering of the refinancing rate since June last year.-0-.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Central Bank of Armenia is likely to further cut the refinancing rate to 7.5% by the end of 2024, the Eurasian Development Bank believes<\/p>\n","protected":false},"author":1,"featured_media":206406,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[9214,9216],"tags":[],"class_list":["post-156239","post","type-post","status-publish","format-standard","has-post-thumbnail","category-banks-en-en","category-news"],"acf":[],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 4.9.8 - aioseo.com -->\n\t<meta name=\"description\" content=\"The Central Bank of Armenia is likely to further cut the refinancing rate to 7.5% by the end of 2024, the Eurasian Development Bank believes\" \/>\n\t<meta name=\"robots\" content=\"max-image-preview:large\" \/>\n\t<meta name=\"author\" content=\"admin\"\/>\n\t<meta name=\"google-site-verification\" content=\"l8sdBd3STQ6A37MF5AO_21FEwNPHg9tRpooOo3Wx_eQ\" \/>\n\t<link rel=\"canonical\" href=\"https:\/\/armbanks.am\/en\/2024\/07\/29\/156239\/\" \/>\n\t<meta name=\"generator\" content=\"All in One SEO (AIOSEO) 4.9.8\" \/>\n\t\t<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n\t\t<meta name=\"twitter:title\" content=\"Armenian Central Bank to cut refinancing rate to 7.5 per cent by end of 2024 \u2013 EDB - 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