Tuesday, January 11, 2011

Central Bank of Armenia Holds Benchmark Rate at 7.25%

The Central Bank of Armenia announced it would leave its benchmark refinancing rate unchanged at 7.25%, as it weighs a slow recovery in aggregate demand with rising inflationary pressures. Armenia has seen rising inflation; driven by a surge in food and energy commodity prices. December inflation was recorded at 9.4% vs 7.5% in November.



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