YEREVAN. – At Tuesday’s board meeting, the Central Bank of Armenia (CBA) decided to reduce the refinancing rate by 0.25 percentage points, setting it at 4.25 percent, the CBA press service reported.

Also, the interest rate on pawn repos provided by the bank has been set at 5.75 percent, and the interest rate on funds the CBA attracts from banks is set at 2.75 percent.