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Armenia's C.Bank Keeps Refinancing Rate Unchanged At 6.75 Pct

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  • Armenia's C.Bank Keeps Refinancing Rate Unchanged At 6.75 Pct

    ARMENIA'S C.BANK KEEPS REFINANCING RATE UNCHANGED AT 6.75 PCT

    Reuters
    Sept 23 2014

    YEREVAN, Sept 23 Tue Sep 23, 2014 6:49pm IST

    YEREVAN, Sept 23 (Reuters) - Armenia's central bank kept its key
    refinancing rate unchanged at 6.75 percent on Tuesday after data
    showed annual inflation was within the government's 2014 target.

    Annual inflation was 0.8 percent in August, the central bank said,
    up from 0.4 percent recorded in July. That is within the government's
    target range of between 2.5 percent and 5.5 percent for 2014.

    Monthly inflation in August was 0.7 percent, compared to deflation
    of 0.9 percent in July.

    The central bank cut its refinancing rate to 6.75 percent from 7.00
    percent in August. (Reporting by Hasmik Lazarian; Writing by Margarita
    Antidze; Editing by Alexei Anishchuk)

    http://in.reuters.com/article/2014/09/23/armenia-rates-idINL6N0RO3M920140923

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