On 15 March 2022, the Central Bank of Armenia increased the refinancing interest rate from 8.00% to 9.25%. This follows an increase in the rate from 7.75% to 8.00% on 1 February 2022. 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 the extent the interest rate exceeds twice the ke…