Armenia Central Bank raises refinancing rate

February 3, 2021February 3, 2021 Emil Lazarian 2021

12:08, 2 February, 2021

YEREVAN, FEBRUARY 2, ARMENPRESS. During today’s session the Board of the Central Bank of Armenia decided to raise the refinancing rate, setting it at 5.5%, the CBA told Armenpress.

The Lombard repo rate provided by the CBA is 7%.

The rate of funds attracted from banks by the CBA is 4%.

Editing and Translating by Aneta Harutyunyan

Emil Lazarian

“I should like to see any power of the world destroy this race, this small tribe of unimportant people, whose wars have all been fought and lost, whose structures have crumbled, literature is unread, music is unheard, and prayers are no more answered. Go ahead, destroy Armenia . See if you can do it. Send them into the desert without bread or water. Burn their homes and churches. Then see if they will not laugh, sing and pray again. For when two of them meet anywhere in the world, see if they will not create a New Armenia.” - WS