Armenia raises rate 8th time on upward inflation risks
Armenia's central bank raised its benchmark interest rate for the 8th time, saying the risks of inflation deviating from its projected trajectory are mainly upwards and if these risks materialize, it would respond "accordingly and ensure the goal of price stability."
The Central Bank of Armenia (CBA) raised its refinancing rate by a further 25 basis points to 8.0 percent and has now raised it a total of 3.75 percentage points since it began tightening in December 2020 and followed this up with rate hikes in February... Читать дальше...