Tuesday, September 27 2016 18:12
Karine Melikyan

Central Bank of Armenia reduces refinancing rate to 6.75% from 7.25%

Central Bank of Armenia reduces refinancing rate to 6.75% from 7.25%

ArmInfo. The Central Bank of Armenia  Board adopted a decision to reduce the refinancing rate to 6.75% from  7.25%. The CBA press office has told ArmInfo that the decision to  reduce the rate by 0.5 pct points was taken during the September 27  sitting of the CBA Board. 

According to the Central Bank's press-office, the Lombard REPO and  deposit rates have also been reduced to 8.25% and 5.25% respectively,  versus previous 8.75% and 5.75%, respectively.  

To note, earlier the Central Bank of Armenia Board adopted a decision  to reduce the refinancing rate by 0.25 percentage point - to 7.25%  from 7.5% - on August 16, the Lombard REPO and deposit rates were  also reduced to 8.75% and 5.75% respectively. Earlier 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%. 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%.


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Government Bonds

Issue volume

10 billion

Volume of T-bills for placement

200 million

Volume of submitted competitive applications

200 million

Volume of satisfied bids

200 million

Yield at cut-off price

 5.8314%

Maximum yield

 5.8314%

Мinimum yield

 5.8314%

Weighted average yield

 5.8314%

Number of participants

2

The maturity date of T-bills

03.02.2020

ArmEx

 

СПРОС (Покупка)

USD

Средневзв. Цена

482,00

ПРЕДЛОЖЕНИЕ (Продажа)

  USD

Средневзв. Цена

-

СДЕЛКИ

USD

Цена откр.

482,00

Цена закр.

482,00

Мин. Цена

482,00

Макс. Цена

482,00

Ср/взв. Цена

482,00

-0.16

Кол-во сделок

1

Объем (инвал.)

200 000

0бъем (драм)

96 400 000