Armenian central bank raises key rate

Armenian central bank raises key rate

Armenia’s Central Bank said today its Executive Board has raised the key refinancing rate by 0.5 percentage points, setting it at 7%.

It said also that the Lombard repo rate provided by the Central Bank is 8.5%, and the rate on funds attracted by the Central Bank from other banks is 5.5%.

The Central Bank had already upped the refinancing rate on June 15, 2021, increasing it by 0.5 percentage points to 6.5%.

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