Armenia again keeps refinancing rate at 10.75% per annum

YEREVAN. May 2 (Interfax) - The Board of the Central Bank of Armenia on Tuesday decided to leave the refinancing rate unchanged at 10.75% per annum, the regulator said in a statement.

At previous meetings on January 31 and March 14, the Central Bank Council also kept the rate unchanged.

The last time the Central Bank raised the refinancing rate was in December 2022 when it was increased 25 basis points to 10.75% per annum.

Previously, the rate was 10.5% per annum starting November 1, 2022.