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ARMENIA'S C.BANK KEEPS REFINANCING RATE UNCHANGED AT 8.50 PCT
Reuters
Sept 24 2013
YEREVAN, Sept 24 | Tue Sep 24, 2013 7:10pm IST
(Reuters) - Armenia's central bank kept its key refinancing rate
unchanged at 8.50 percent on Tuesday after data showed annual inflation
went beyond the government's target.
Inflation came at 9.3 percent in August, the central bank said,
up from 8.5 percent recorded in July, higher than the government's
target range of between 2.5 percent and 5.5 percent for the whole year.
Monthly inflation in August was 0.3 percent, compared to inflation
of 0.4 percent in July.
The central bank raised refinancing rate to 8.50 percent from 8.00
percent in July. (Reporting by Hasmik Lazarian; Writing by Margarita
Antidze; Editing by Louise Heavens)
Reuters
Sept 24 2013
YEREVAN, Sept 24 | Tue Sep 24, 2013 7:10pm IST
(Reuters) - Armenia's central bank kept its key refinancing rate
unchanged at 8.50 percent on Tuesday after data showed annual inflation
went beyond the government's target.
Inflation came at 9.3 percent in August, the central bank said,
up from 8.5 percent recorded in July, higher than the government's
target range of between 2.5 percent and 5.5 percent for the whole year.
Monthly inflation in August was 0.3 percent, compared to inflation
of 0.4 percent in July.
The central bank raised refinancing rate to 8.50 percent from 8.00
percent in July. (Reporting by Hasmik Lazarian; Writing by Margarita
Antidze; Editing by Louise Heavens)