Armenian Central Bank raises refinancing rate by 0.5% to 6%

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Economy

04.05.2021, 12:33

The Executive Board of Armenia's Central Bank decided today to raise the refinancing rate by 0.5 percentage points, setting it at 6%.

Armenian Central Bank raises refinancing rate by 0.5% to 6%

YEREVAN, May 4. /ARKA/. The Executive Board of Armenia's Central Bank decided today to raise the refinancing rate by 0.5 percentage points, setting it at 6%.

According to the press service of the regulator, the interest rate on pawn repo provided by the Central Bank is 7.5%, and the rate on funds attracted by the Central Bank from other banks is 4.5%.

The Central Bank had already raised the refinancing rate on February 2, 2021, increasing it by 0.25 p.p. to 5.5%. -0-

#REFINANCING RATE

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