ARMENIA C.BANK CUTS REFI RATE TO 8.0 PCT FROM 8.5 PCT

Reuters
Sept 6 2011

YEREVAN, Sept 6 (Reuters) – Armenia’s central bank on Tuesday cut
its key refinancing rate for the first time in five months to 8.00
percent from 8.50 percent as annual inflation moved to within the
government’s target range.

On a monthly basis, consumer prices fell 0.6 percent in August, the
bank said. Annual inflation in August stood at 4.8 percent, down from
6.3 percent in July and within the government’s target range of 2.5-5.5
percent. (Reporting by Hasmik Lazarian; Editing by Maria Kiselyova)