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 int…