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ARMENIA'S C.BANK CUTS KEY REFINANCING RATE TO 8.0 PCT
Reuters
Nov 12 2013
YEREVAN Tue Nov 12, 2013 6:14pm IST
YEREVAN Nov 12 (Reuters) - Armenia's central bank cut its key
refinancing rate to 8 percent from 8.5 percent on Tuesday after data
showed a decline in inflation.
Annual inflation came at 7.1 percent in October, the central bank
said, down from 8.2 percent recorded in September. That is still
higher than the government's target range of between 2.5 percent and
5.5 percent for the whole year.
Monthly inflation in October was 0.3 percent, compared to deflation
of 0.2 percent in September.
The central bank kept refinancing rate unchanged at 8.5 percent
in September. (Reporting by Hasmik Lazarian; Writing by Margarita
Antidze; Editing by Douglas Busvine)
http://in.reuters.com/article/2013/11/12/armenia-rate-idINL5N0IX3B720131112
Reuters
Nov 12 2013
YEREVAN Tue Nov 12, 2013 6:14pm IST
YEREVAN Nov 12 (Reuters) - Armenia's central bank cut its key
refinancing rate to 8 percent from 8.5 percent on Tuesday after data
showed a decline in inflation.
Annual inflation came at 7.1 percent in October, the central bank
said, down from 8.2 percent recorded in September. That is still
higher than the government's target range of between 2.5 percent and
5.5 percent for the whole year.
Monthly inflation in October was 0.3 percent, compared to deflation
of 0.2 percent in September.
The central bank kept refinancing rate unchanged at 8.5 percent
in September. (Reporting by Hasmik Lazarian; Writing by Margarita
Antidze; Editing by Douglas Busvine)
http://in.reuters.com/article/2013/11/12/armenia-rate-idINL5N0IX3B720131112