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Armenian central bank maintains refinancing rate at 6%

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Armenian central bank maintains refinancing rate at 6%

The Central Bank of the Republic of Armenia on March 27 kept its key refinancing rate unchanged at 6%, Reuters reported.

Armenia's consumer price index, or CPI, fell 0.5% month over month in February compared with a 2.7% rise in January.

In year-on-year terms, the CPI went up 3.3% in February.

In February, the central bank also maintained its key rate, citing stable inflation, expected minor inflationary effects from the external sector and robust economic activity.