ArmInfo. The Central Bank of Armenia has kept the refinancing rate at the same level - 6%, this time, as in the previous five (in March, May, June, August and September). As the press service of the Central Bank of Armenia told ArmInfo, such a decision was made on November 14 at a meeting of the Council of the Central Bank.
Along with this, the Central Bank Board kept the rates for pawn-shop repo at the level of 7.5%, and deposits attracted from banks - at 4.5%.
It should be noted that 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%, with the preservation of these levels to this day.
Prior to this, at the end of 2016, on December 27, the refinancing rate was reduced from 6.5% to 6.25%, along with a decrease in interest rates on pawn repo - from 8% to 7.75% and deposits 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 pawn-office repo decreased from 11.75% to 11.25%, and on attracted deposits from 8.75% % to 8.25%.
