Central Bank of Armenia also this time kept refinancing rate at the level of 6%

ArmInfo. The Central Bank of  Armenia has kept the refinancing rate at the same level - 6%. As the  press service of the Central Bank of Armenia told ArmInfo, this  decision was taken on June 27 at a meeting of the Central Bank  Council.

Along with this, in the course of the meeting, the CB Board left the  same rates for lombard repo at the level of 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%,  simultaneously 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. 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 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-shop repo decreased from  11.75% to 11.25%, and on attracted deposits from 8.75% % To 8.25%.