News - The Armenian Central Bank has kept the refinancing rate steady at 6.5%.

In a decisive move on March 17th, the Board of the Central Bank of Armenia once again affirmed its commitment to supporting the national economy by retaining the refinancing rate at a steady 6.5%. This decision marks the third consecutive meeting where the rate has remained unchanged. The Board, while demonstrating consistent policy direction, continues to stabilize the economic environment amid fluctuating global economic conditions. According to the communication from the bank's press service, other key rates, including the Lombard repo rate at 8.00% and the deposit facility rate at 5.00%, also remained constant. Since June 2023, the bank has been systematically lowering the refinancing rate, with a long-term strategy aimed at bolstering economic growth by gradually reducing the rate from 10.75% to 6.5% by December 2025. This commitment reflects a careful balancing act between fostering economic stability and mitigating potential inflationary pressures, underscoring the bank's vigilant monitoring of economic indicators. The central bank's strategy has been pivotal in fostering a stable monetary environment crucial for sustainable investment and economic expansion. The decision to maintain rates demonstrates a robust confidence in the ongoing economic policies and their efficacy in steering Armenia towards long-term fiscal health.