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Armenia central bank keeps interest rate unchanged at 6%

Armenia central bank keeps interest rate unchanged at 6%

PanARMENIAN.Net - Armenia’s central bank said on Tuesday, November 26 it had decided to keep its key refinancing rate unchanged at 6% for the seventh time.

Interest rate in Armenia averaged 7.81% from 2010 until 2017, reaching an all time high of 10.5% in February of 2015 and a record low of 6% in February of 2017.

Consumer prices in Armenia rose by 2% in November month-on-month, and by 2.2% year-on-year.

According to the central bank, the economic growth registered in January-September year-on-year was close to what was predicted.

Armenia saw just a 0.2% economic growth in 2016. Initially, the government forecast a 3.2% growth for 2017, but revised for a better picture later in the year.

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