YEREVAN, June 13. /ARKA/. Armenia's Central Bank has cut today the key refinancing rate by 0.25 percentage points to 10.5%, the regulator's press service reported.

It said the Lombard repo rate has also been lowered to 12.0% and the borrowing rate for commercial banks has been reduced to  9.0%.

Previously, the Central Bank changed the refinancing rate on December 13, raising it by 0.25 percentage points to 10.75%. -0-