Armenia Central Bank:  Refinancing rate unchanged at 6.75%

ArmInfo. The Central Bank of Armenia has once again decided to leave the refinancing rate unchanged, setting it at 6.75%. This decision was made on September  16 during a meeting of the Board of the Central Bank of the Republic  of Armenia. Accordingly, the rates on Lombard repo is- 8.25% and the  interest rate on funds attracted from banks is 5.25%.

In fact, after a decrease in February 2025 by 0.25 percentage points  - from 7% to 6.75%, the refinancing rate has remained unchanged.

In total, from mid-2023 to February 2025, the key rate was reduced by  4 percentage points (from the historical maximum of 10.75%). During  this period, the rates on Lombard repo and  funds attracted from  banks also decreased by 4 percentage points, from the maximum of  12.25% and 9.25%, respectively, recorded in December 2022 (and  maintained until June 2023). However, the current levels of the  refinancing rate, rates on Lombard repo  and on funds attracted from  banks are far from the minimum levels of 4.25%, 5.75% and 2.75%,  respectively, recorded in the second half of 2020. According to  statistics, inflation in August 2025 was recorded at 3.6%, compared  to 1.3% August 2024 and 0.3% in August 2023. The Central Bank  calculated the basic indicator of annual August inflation to be 3.7%,  compared to 0,3%  a year earlier in the same period.

 The detailed rationale for the decision of the Central Bank Council  to leave the refinancing rate unchanged will be presented today at  2:00 PM by Martin Galstyan, the Chairman of the Central Bank,  during  a press conference. The press conference will also be broadcast live  on the Central Bank of the Republic of Armenia's YouTube channel and  Facebook page.