Armenian Central Bank cuts refinancing rate

Armenia’s Central Bank decided to cut the benchmark refinancing rate by 0.25 percentage points to 6.5%. 

It is the seventh consecutive cut of the benchmark rate by the regulator within this year. 

In February, the rate was reduced from 8.75% to 8.5%, in March - to 8.25%, in May - to 7.75%, in June –to 7.5%, in  August – to 7 25%, and in September -  to 6.75%, ARKA reports.