Refinancing rate in Armenia cut to 5.50%

Refinancing rate in Armenia cut to 5.50%

PanARMENIAN.Net - The Armenian Central Bank on Tuesday, September 10 cut its key refinancing rate to 5.50% from 5.75%.

The country's consumer price index declined 0.4% in August month-on-month, but was up 0.6% year-on-year, the bank said.

The central bank will hold its next meeting on rates on October 29.

 Top stories
Armenia's GDP grew by a strong 7.9% year-on-year in the third quarter of 2019, the World Bank said.
"This is the 3rd product of animal origin from Armenia for which EU grated access to its market," the EU said.
Masdar has entered into a formal agreement with Anif to develop 400 MW solar power projects in Armenia.
Armenia hopes to reach an economic growth rate of 7-9% over the period of 2020-22, PM Nikol Pashinyan said.
Partner news