Tuesday, November 14 2017 16:55
Karine Melikyan

The CBA also chose not to change the refinancing rate this time - 6%

ArmInfo. The Central Bank of  Armenia has kept the refinancing rate at the same level - 6%, this  time, as in the previous five (in March, May, June, August and  September).  As the press service of the Central Bank of Armenia told  ArmInfo, such a decision was made on November 14 at a meeting of the  Council of the Central Bank. 

Along with this, the Central Bank Board kept the rates for pawn-shop  repo at the level of 7.5%, and deposits attracted from banks - at  4.5%.

It should be noted that 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%, with  the preservation of 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 pawn 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-office repo decreased from 11.75% to 11.25%, and  on attracted deposits from 8.75% % to 8.25%.

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