{"id":83741,"date":"2015-01-22T11:45:13","date_gmt":"2015-01-22T11:45:13","guid":{"rendered":"https:\/\/armbanks.am\/2015\/01\/22\/242240\/"},"modified":"2024-12-15T13:15:55","modified_gmt":"2024-12-15T13:15:55","slug":"armenias-regulator-lowers-lombard-repo-rate-to-17","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2015\/01\/22\/83741\/","title":{"rendered":"Armenia\u2019s regulator lowers Lombard repo rate to 17%"},"content":{"rendered":"<p><strong>YEREVAN, January 22. \/ARKA\/.<\/strong> The council of the Central Bank of Armenia (CBA) lowered the Lombard repo rate by 3 percentage points to 17% at its meeting on Wednesday, the regulator\u2019s press office reported.<\/p>\n<p>This will help neutralize high inflationary expectations and ensure the target level of inflation in the circumstances when pressures reduce in the currency market, says the report.<\/p>\n<p>At the same time, CBA\u2019s council has raised the refinancing rate by one percentage point to 9.5% to maintain the monetary and credit policy positions.<\/p>\n<p>On November 24, 2014, the regulator increased the cost of short-term dram liquidity and raised the Lombard repo rate from 8.25% to 10.25% to curb pressures in the currency market due to steep rise in dollar exchange rate to 435 drams per $1 over the day. Yet, Armenian dram depreciation continued hitting new records, and the rate reached 527.20 drams per $1 on December 17. Consequence, the regulator had to raise the Lombard repo rate to 21% on December 2 and then lower it to 20% on December 24. ($1- 476.39 drams).-0-<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The council of the Central Bank of Armenia (CBA) lowered the Lombard repo rate by 3 percentage points to 17% at its meeting on Wednesday, the regulator\u2019s press office reported<\/p>\n","protected":false},"author":1,"featured_media":156969,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[12139,9216],"tags":[15837,13154,12160],"class_list":{"0":"post-83741","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy-en","8":"category-news","9":"tag-armenia-2","10":"tag-central-bank-of-armenia","11":"tag-rate"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/83741","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/comments?post=83741"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/83741\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media\/156969"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=83741"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=83741"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=83741"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}