Central Bank sets refinancing rate at 9.5%

Emil Lazarian 2023

 13:08,

YEREVAN, OCTOBER 31, ARMENPRESS. At its meeting today, the Board of the Central Bank of Armenia decided to reduce the refinancing rate by 0.25 pp, setting it at 9.5%, the Central Bank said in a press release.

The Lombard repo facility rate is set at 11.0 % and the Deposit facility rate is at 8.0 %.

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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