ArmInfo. The Central Bank ofArmenia (CBA) kept the refinancing rate at 5.5%, which has been in force since September last year.
As the Central Bank of Armenia press service told ArmInfo, this decision was adopted on January 24 at a meeting of the Board of the Central Bank of Armenia. In accordance with this, the rate on Lombard repo is at the level of 7%, and rate of deposits attracted from banks is at the level of 4%.
It should be noted that the Central Bank of the Republic of Armenia reduced the refinancing rate from 5.75% to 5.5% on September 10, 2019, having also reduced the rate of the Lombard repo rate also by 0.25 percentage points - from 7.25% to 7%, and the rate of banks deposits - from 4.25% to 4%. Prior to this, a decrease in the refinancing rate took place at the end of January 2019 - from 6% to 5.75%, in connection with which the rates on Lombard repo decreased the same way - from 7.5% to 7.25%, and on deposits attracted from banks - from 4.5% to 4.25%.
