ArmInfo.The Central Bank of Armenia increased the refinancing rate by 1 percentage point - from 4.25% to 5.25%. As ArmInfo was told in the press service of the Central Bank of Armenia, this decision was made on December 15 at a meeting of the Central Bank Council.
In accordance with this, the rates on lombard repo were increased from 5.75% to 6.75%, and on deposits attracted from banks from 2.75% to 3.75%.
A detailed justification of this decision of the Central Bank Board today (at 15:30) at a press conference will be presented by the head of the Central Bank Martyn Galstyan.
Note that this year the Central Bank of the Republic of Armenia reduced the refinancing rate four times, once by 0.5% and three times by 0.25 percentage points. (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%. And these rates have been maintained until today's upward change.
