Central Bank of Armenia reduces refinancing rate from 8.5% to 8.25%
ArmInfo. The Central Bank of Armenia (CBA) has reduced the refinancing rate from 8.5% to 8.25%. The CBA press office has told ArmInfo that the decision to reduce the rate by 0.25 pct points was taken during the March 29 sitting of the CBA Board.
The source says that the lombard REPO and deposit rates have also been reduced to 9.75% and 6.75% respectively, versus previous 10% and 7%, respectively.
To note, the previous revision of the refinancing rate took place on 16 Feb 2016, when the CBA reduced it from 8.75% to 8.5%. 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%. On 10 Nov 2015 the refinancing rate was reduced - from 10.25% to 9.75%, with the lombard repo rate dropping from 11.75% to 11.25%, and the deposit rate - from 8.75% to 8.25%.