ArmInfo.The Central Bank of Armenia also preferred to change the refinancing rate this time - 6%. As the press service of the Central Bank of Armenia told ArmInfo, this decision was made on September 25 at a meeting of the Council of the Central Bank. In fact, the refinancing rate remains at this level, starting from February 2017.
Along with this, the Central Bank Board has left the same rates for pawn-shop repo - 7.5% and deposits attracted from banks - 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 the rates for 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. 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 lombard repo - from 8% to 7.75% and deposits attracted from banks - from 5% to 4.75%
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