YEREVAN, October 18. /ARKA/. Monetary easing in Armenia will contribute to accelerating price growth in late 2023 and early 2024, says the Eurasian Development Bank's (EDB) October 2023 Macroeconomic Review.

"At the same time, pro-inflationary risks that emerged in late September-early October this year will limit the regulator's ability to further ease monetary policy," the review says.

On September 12, the Central Bank of Armenia decided to lower the refinancing rate for the third time in a row - by 0.5 p.p. setting it at  9.5%. -0-