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Armenia cenbank cuts key refinancing rate to 6.25 pct from 6.5 pct
December 27, 2016 / 11:46 AM / a year ago

Armenia cenbank cuts key refinancing rate to 6.25 pct from 6.5 pct

YEREVAN, Dec 27 (Reuters) - Armenia’s central bank said on Tuesday it had cut its refinancing rate to 6.25 percent from 6.5 percent.

Annual deflation in the South Caucasus country was at 0.6 percent in November, compared with 0.9 percent deflation in October, according to central bank data. On a monthly basis, the inflation rate stood at 1 percent in November, up from 0.5 percent in October. (Reporting by Hasmik Mkrtchyan; writing by Margarita Antidze; editing by Peter Hobson)

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