27.12.2016 18:38
YEREVAN, December 27. /ARKA/. Armenia's Central Bank said today it had cut its refinancing rate to 6.25 percent from 6.5 percent.
According to the regulator, the annual deflation in Armenia was at 0.6 percent in November, down from 0.9 percent deflation reported in October. On a monthly basis, the inflation rate stood at 1 percent in November, up from 0.5 percent in October.
The Central Bank said also it does not expect a significant inflationary pressure from external markets in the coming months, however, there are some inflationary risks that may be prompted by the US Fed’s possible decision to raise interest rates and their impact on emerging markets.
Categories: Banks @en, General news, News, News of the hour | Comments Off on Armenian central bank cuts refining rate for eighth times this year
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