Armenia's central bank raises refinancing rate

Armenia's central bank raises refinancing rate

Armenia's Central Bank has decided today to raise the refinancing rate by 0.25% setting it at 5.5%.

According to the press service of the regulator, the pawnshop repo rate provided by the Central Bank was 7%, and the rate on funds attracted from other banks was 4%.

Before that the Central Bank changed the refinancing rate on December 15, 2020, increasing it by 1.0 percentage points, to 5.25%, ARKA reported.

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