Central Bank of Armenia holds refi rate at 6.75% pa

YEREVAN. Aug 5 (Interfax) - The Central Bank of Armenia has decided to leave the refinancing rate, or discount rate, at 6.75% per annum, the regulator said.

The rate has been 6.75% since February 4, when it was lowered by 0.25 percentage points from 7% pa. The rate has now been left unchanged for the fourth successive scheduled meeting.

The rate was lowered on eight occasions in 2024.

Armstat, the national statistical committee, has said consumer price inflation was 0.3% in 2024, with the target being 4% +/- 1.5 pp. Annual inflation was 3.9% in June 2025.

The budget targets average inflation of 3.5% in 2025.