Central Bank of Armenia reduces refinancing rate from 6.25% to 6%

ArmInfo. The Central Bank  of Armenia has reduced the refinancing rate from 6.25% to 6%. The  press office of the CBA has told ArmInfo that the decision to  decrease the rate by 0.25 pct points was taken at the CBA Board on  February 14.  

At the same time, the CBA Board reduced the lombard REPO rates and  deposit rates from 7.75% to 7.5% and from 4.75% to 4.5%,  respectively.

To note, the previous revision of the refinancing rate took place on  27 December 2016, when the CBA reduced it from 6.5% to 6.25%. Along  with this, the CBA Board reduced the lombard REPO and deposit rates  from 8% to 7.75% and from 5% to 4.75%, respectively. Earlier, the CBA  revised the refinancing rate on November 15 by decreasing it from  6.75% to 6.5%. Along with that, the Lombard REPO and deposit rates  were reduced from 8.25% to 8% and from 5.25% to 5%, respectively.   Prior to that on September 27, the refinancing rate was reduced to  6.75% from 7.25%. Along with that, the lombard REPO and deposit rates  were reduced to 8.25% and 5.25%, respectively, versus the previous   8.75% and 5.75%, respectively.  Earlier, on August 16, the CBA Board   adopted a decision to reduce the refinancing rate by 0.25 percentage   point - to 7.25% from 7.5%, the Lombard REPO and deposit rates were   also reduced to 8.75% and 5.75%, respectively. Previously, the  Central Bank revised the refinancing rate on June 28 reducing it to  7.5% from 7.75%. At the same time the Lombard REPO and deposit rates  were reduced from 9.25% and 6.25% to 9% and 6%, respectively. Prior   to it, on 17 May 2016, the CBA reduced the refinancing rate from   8.25% to 7.75%, at the same time the Lombard REPO and deposit rates   were also reduced to 9.25% and 6.25% respectively, versus previous   9.75% and 6.75%, respectively.  Before that revision of the  refinancing rate took place on 29 March 2016, when the CBA reduced it  from 8.5% to 8.25%. The lombard REPO and deposit rates were fixed at  9.75% and 6.75%, respectively. Earlier the refinancing rate was  reduced on 16 Feb 2016 from 8.75% to 8.5%, while the lombard REPO and  deposit rates were fixed at 10% and 7%, respectively.  Earlier, the  refinancing rate was reduced on 22 Dec 2015 - from 9.75 to 8.75%,  with the lombard repo and deposit rates dropping from 11.75% to  11.25% and from 8.75% to 8.25%, respectively.