Armenia’s Central Bank decided to cut the refinancing rate by 0.25 percentage points, setting it at 10.25%, the regulator's press service said.
It said also that the Lombard repo rate was also lowered to 11.75% and the rate of borrowing by commercial banks was dropped to 8.75%.
This is the second lowering of the refinancing rate since the beginning of the year. On June 13, the Central Bank cut it by 0.25 percentage point setti9ng at 10.5%, ARKA reports.
