Economics

Armenia’s Central Bank keeps refinancing rate unchanged at 6.75 pct

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, Reuters reports.

Annual inflation was 2.2 percent in October, the central bank said, up from 1.5 percent recorded in September.

Monthly inflation in October was 1.0 percent, compared to inflation of 0.4 percent in September.

The central bank kept its refinancing rate unchanged at 6.75 percent in September after cutting it from 7.00 percent in August.

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