ArmInfo. The Central Bank of Armenia has kept the refinancing rate at 4.25%. As ArmInfo was told in the press service of the Central Bank of Armenia, this decision was made on October 27 at a meeting of the Central Bank Council.
In accordance with this, the rates on lombard repo were left unchanged at 5.75%, and on deposits attracted from banks at 2.75%.
Note that the previous four reductions of the refinancing rate by the Central Bank of the Republic of Armenia, moreover, once by 0.5% and three times by 0.25 pp, were dated March 17, April 28, June 16 and September 15, 2020 - from a total of 5.5 % to 4.25%, in accordance with which the rates on lombard repo were reduced - from 7% to 5.75%, and on deposits attracted from banks - from 4% to 2.75%.
