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Armenia central bank cuts key refinancing rate to 6.25% from 6.5%

Armenia central bank cuts key refinancing rate to 6.25% from 6.5%

PanARMENIAN.Net - The central bank said on Tuesday, December 27 it had cut its refinancing rate to 6.25 percent from 6.5 percent.

Annual deflation in Armenia was at 0.6 percent in November, compared with 0.9 percent deflation in October, according to central bank data.

On a monthly basis, the inflation rate stood at 1 percent in November, up from 0.5 percent in October.

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At a meeting with representatives of the tourism industry, Karayan said the sector is capable of creating inclusive added value.
The first stage of work on extending the life of Metsamor NPP for another 10 years until 2026 has also been performed.
This operation will help improve the country’s competitiveness and business environment, said World Bank Country Manager for Armenia.
The financing will be directed to energy efficiency, renewable energy, agribusiness, food processing, education and healthcare projects.
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