Armenia`s Central Bank once again left refinancing rate unchanged at 6.75%

ArmInfo. The Central Bank of Armenia has once again left the refinancing rate unchanged at 6.75%. This decision was made on June 17 at a meeting of the Central Bank Board.

The Lombard repo facility rate remains at 8.25% and the deposit facility rate at 5.25%, both unchanged from the previous level.

From mid-2023 to February 2025, (thereafter it has not changed), the key rate was reduced by 4 percentage points (dropping from a historically high of 10.75%). During this period, the rates on Lombard repos and deposits attracted from banks also decreased by the same amount (by 4 percentage points), going from a maximum of 12.25% and 9.25%, respectively, in December 2022 ( maintained until June 2023). Currently, the  refinancing rate, rates on Lombard repos and rates on deposits are above the minimum levels of 4.25%, 5.75% and  2.75%, respectively, recorded in the second half of 2020. According to statistics, in May 2025, , inflation was recorded at 4.3%  compared to 0.3% in May 2024. The Central Bank's baseline annual inflation rate for May has not yet been published, but in April, annual inflation was at 2.4% (compared to a 0.5% annual deflation in April 2024).

The Central Bank Board's decision to leave the refinancing rate  unchanged  will be presented in detail by the Chairman of the Central Bank, Martin Galstyan, at a press conference today at 16:30. The press conference will also be available online.