On 10 September 2024, the Central Bank of Armenia reduced the refinancing interest rate (key rate) from 7.75% to 7.50%. This is the 6th rate reduction in 2024 and follows a reduction in the rate from 9.25% to:
- 8.75% on 30 January 2024;
- 8.50% on 12 March 2024;
- 8.25% on 30 April 2024;
- 8.0% on 11 June 2024; and
- 7.75% on 30 July 2024.
For taxpayers, the rate affects the amount of deductible interest on loans provided by entities other than banking and financial institutions, which is limited …