Tuesday, September 12 2023 13:28

ArmInfo.The Central Bank of Armenia again reduced the refinancing rate this time by 0.5  percentage points - from 10.25% to 9.75%.

This is the third decrease this year, after two years of increase with reaching a historical  maximum of 10.75% at the end of 2022 and maintaining this level until  June 13 of this year, when the first decrease of 0.25 percentage  points took place and then on August 1 there was a second decrease in  the same amount. The decision to reduce the refinancing rate again  was made on September 12 at a meeting of the Board of the Central  Bank of the Republic of Armenia.

Accordingly, the The Lombard repo facility rate were also lowered  from 11.75% to 11.25%, and tDeposit facility rate lowered from 8.75%  to 8.25%.

According to statistical data, in August 2023, compared to August  2022, deflation was recorded at 0.2%, against inflation of 9.1% in  August 2022, compared to August 2021. And the core inflation  calculated by the Central Bank for August 2023 has not yet been  published, but the July core y-o-y inflation decreased to 0.6% (from  the y-o-y inflation rate of 10.1% in July 2022).