The Central Bank of Armenia preferred not to change refinancing rate - 6%

ArmInfo. The Central Bank of Armenia also chose this time not to change the refinancing rate, keeping it at 6%. As the press service of the Central Bank of Armenia told ArmInfo, this decision was made on May 15 at a meeting of the Council of the Central Bank.

Along with this, the Central Bank Board has left the same rates for pawn-shop repo - 7.5% and deposits attracted from banks - 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 the rates for 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 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 pawn-office repo decreased from 11.75% to 11.25%, and on attracted deposits from 8.75% % to 8.25%.