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Armenian Central Bank cuts refinancing rate by 0.25%

Central bank of Armenia
02.08.23 12:18

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.