On 13 December 2022, the Central Bank of Armenia increased the refinancing interest rate (key rate) from 10.5% to 10.75%. This follows an increase in the rate from 9.25% to 9.5% on 2 August 2022, 10.0% on 13 September 2022, and 10.5% on 1 November 2022. For taxpayers, the rate affects the amount of deductible interest on loans provided by entities other than banking and financial institutions,…