Central Bank of Armenia for fourth time keeps refinancing rate at 6%

ArmInfo. The Central Bank of  Armenia retained the refinancing rate at the same level - 6%, this  time, as in the previous three sessions (in March, May and June). As  the press service of the Central Bank of Armenia told ArmInfo, this  decision was made on August 15 at a meeting of the Council of the  Central Bank.

Along with this, the Central Bank Board also left the rates for  pawn-shop repo at 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%, 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%, while maintaining  these levels to this day. Before that, at the end of 2016, on  December 27, the refinancing rate was reduced from 6.5% to 6.25%,  along with a decrease in the rates for pawn-shop repo - from 8% to  7.75% and deposits attracted 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 pawnshop repo  decreased from 11.75% to 11.25%, and on attracted deposits from 8.75%  % to 8.25%.