On 12 December 2023, the Armenian Central Bank announced that it lowered the refinancing interest rate from 9.5% to 9.25%. This is the fifth interest rate reduction for 2023.

The previously reduced refinancing interest rates are as follows:

  • On 13 June 2023, the rate was reduced from 10.75% to 10.5%;
  • On 1 August 2023, the rate was reduced from 10.5% to 10.25%;
  • On 12 September 2023, the rate was reduced from 10.25% to 9.75%;
  • On 31 October 2023, the rate was reduced from 9.75% to 9.5%.