Armenia`s Central Bank to leave the refinancing rate unchanged at  6.75%

ArmInfo. This time, the Central Bank of Armenia has considered it appropriate to leave the refinancing rate unchanged at 6.75%. This decision was made on March  18 at a meeting of the Board of the Central Bank of  Armenia.  The  Lombard Repo Facility Rate - 8.25% and the Deposit Facility Rate  -  5.25% have also been kept at the previous level.

Since mid-2023, the key rate has been reduced by 4 percentage points  from its historical maximum of 10.75% in December 2022. Over the past  year and a half, the rates on Lombard repos and deposits attracted  from banks have also decreased by the same amount (by 4 percentage  points), from  12.25% and 9.25%, respectively, in December 2022 (  maintained until June 2023). Currently, the refinancing rate, rates  on Lombard repos, and  deposits attracted from banks are not at their   minimum levels of 4.25%, 5.75% and 2.75%,  recorded in the second  half of 2020. 

According to statistics, in February 2025, inflation was recorded at  2.5% compared to February 2024, which had a deflationary rate of 1.7%   compared to February 2023. The Central Bank's calculated baseline  annual inflation rate for February is slightly lower at 1.5%,  compared to the annual deflation rate of 0.7% in February 2024. The  detailed rationale for the Central Bank Council's decision to leave  the refinancing rate unchanged will be presented at a press  conference today at 14:00 by the Chairman of the Central Bank, Martin  Galstyan.