ArmInfo. The Central Bank of Armenia retained the refinancing rate at the same level - 6%, this time, as in the previous three sessions (in March, May and June). As the press service of the Central Bank of Armenia told ArmInfo, this decision was made on August 15 at a meeting of the Council of the Central Bank.
Along with this, the Central Bank Board also left the rates for pawn-shop repo at 7.5% and deposits attracted from banks at 4.5%.
To note, the refinancing rate was revised in 2017 on February 14, when the Central Bank Board reduced it from 6.25% to 6%, at the same time reducing interest rates on pawn-shop repo from 7.75% to 7.5% and deposits attracted from banks - from 4.75% to 4.5%, while maintaining these levels to this day. Before that, at the end of 2016, on December 27, the refinancing rate was reduced from 6.5% to 6.25%, along with a decrease in the rates for pawn-shop repo - from 8% to 7.75% and deposits attracted from banks - from 5% to 4.75%. At the end of 2015, on December 22, the refinancing rate was reduced from 9.75% to 8.75%, at the same time, the rates for pawnshop repo decreased from 11.75% to 11.25%, and on attracted deposits from 8.75% % to 8.25%.
