ARMENIAN CENTRAL BANK KEEPS REFINANCING RATE UNCHANGED
Vestnik Kavkaza, Russia
Nov 12 2014
12 November 2014 – 12:14pm
The Central Bank has left the refinancing rate unchanged at 6.75%
and predicts that inflation will continue rising and will stabilize
in the first half of 2015, RIA Novosti reports.
The inflation rate was 1% in October 2014 and 0.3% in October 2013.
The annual inflation in late October was 2.25%.
The Central Bank noted the impact of the geopolitical situation,
uncertainties in economic cooperation with partner states and markets
of goods and resources on economic developments.
The refinancing rate in Armenia was lowered by 0.25% to 6.75% in August
2014. According to the budget, the inflation rate was expected to be 4%
(with a change of 1.5%), with GDP growth of 5.2%.