Thursday, March 12 2015 19:06
Central Bank of Armenia reduces lombard repo rate from 14.5% to 13.5%
ArmInfo. The Central Bank of Armenia has reduced the lombard repo rate by one pct point from 14.5% to 13.5%. The press office of the Central Bank of Armenia has told ArmInfo that the relevant decision was taken at the CBA Board's extraordinary meeting on March 12.
To recall, on Feb 10, 2015, the CBA raised the refinancing rate from 9.5% to 10.5%, at the same time reducing the lombard repo rate from 17% to 14.5% and raising the deposit rate from 5.25% to 9%. Previously the refinancing rate was raised on 22 Jan 2015 - from 8.5% to 9.5%. On 23 Dec 2014, it was increased from 6.75% to 8.5%. On 3 Dec 2014, the CBA raised the lombard repo rate from 10.25% to 21%, on Dec 23 it reduced the rate to 20%, and on Jan 22, 2015, the rate was decreased to 17%.
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