
Armenia raises policy rate 50 basis points

The Central Bank of Armenia’s board announced a 50 basis point hike in its benchmark refinancing rate on December 14, bringing the rate to 7.75%
The Armenian central bank has repeatedly pushed rates up from a pandemic low of 4.25% late last year. Starting with a 100bp hike in December 2020, it has now increased its policy rate seven times.
In a statement, the CBA said economic activity is “lower than expected” but there has also been a “significant increase” in external inflation.
In August
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com