Central Bank of Armenia's choice to maintain interest rate at 6.75% indicates stable macroeconomic environment - Freedom Broker Armenia
YEREVAN, September 18. /ARKA/. Armenian Central Bank's decision to maintain the refinancing rate at 6.75% indicates a stable macroeconomic environment, Taron Hovhannisyan, Director of Private Wealth Management at Freedom Broker Armenia, said in an exclusive statement to the ARKA news agency.
"The regulator is implementing a balanced approach: while inflation is kept in check, it simultaneously fosters conditions for economic growth. This serves as a signal to businesses and investors regarding the predictability and stability of the financial system," he remarked.
On September 16, the Central Bank Board decided to keep the refinancing rate steady at 6.75%. The Lombard repo rate of 8.25% and the cash borrowing rate of 5.25% also remain unchanged.
Since June 2023, this marks the fifth occasion that the refinancing rate has been held steady.-0-