Central Bank raises lombard repo rate to 21% in Armenia

03.12.2014 13:40
Central Bank raises lombard repo rate to 21% in Armenia

YEREVAN, December 3. /ARKA/. The council of the Central Bank of Armenia (CBA) set a new Lombard repo rate of 21%, an increase of 10.25 percentage points, at its meeting on Tuesday, the press office of the regulator reports.

The dollar versus Armenian dram rate hit a new record high on Tuesday December 2, having jumped by 7.07 percentage points to 442.33 drams per $1.

In its Tuesday’s statement the regulator urged to withhold currency speculations and confirmed its readiness to stabilize the situation through the instruments available.

The last revision of the Lombard repo rate by the central bank took place on November 24 when dollar versus dram rate reached an eight-year record high in Armenia, having jumped by 16.6 points to 435 drams per $1.

Refinancing rate is 6.75% and funding rates are 5.25% in Armenia today.  –0—


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Tags: , , Новости Армении АМИ Новости-Армения

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