On 14 December 2021, the Central Bank of Armenia increased the key refinancing interest rate from 7.25% to 7.75%. This follows an increase in the rate from 6.5% to 7.0% on 3 August 2021 and an increase to 7.25% on 14 September 2021. For taxpayers, the rate affects the amount of deductible interest on loans provided by entities other than banking and financial institutions, which is limited to …