22/01/2015 14:59
Central Bank of Armenia increases refinancing rate
The Council of the Central Bank of Armenia (CBA) increased the refinancing rate by one percentage point to 9.5%, the press service of CBA reported.
Armenia’s inflation was 3% in December 2014, bringing the twelve-month inflation to 4.6%.
CBA considers it expedient to raise the refinancing rate to maintain the monetary-credit policy approaches. At the same time, the CBA Council lowered the Lombard repo rate by 3 percentage points to 17% to reduce the current high interest rates.