Armenian central bank cut key rate by 0.5 percentage point to 7.75%

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YEREVAN, May 17. /ARKA/. Armenia’s Central Bank has decided today to cut  the key refinancing rate by 0.5 percentage points, setting it at 7.75%.

Before that the Central Bank had cut its refinancing rate on 29 March 2016, lowering it by 0.25 percentage points to 8.25%. -0-

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Armenian central bank’s net domestic assets in march 2016 rose by 6.1% to about 422.2 billion drams
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Central bank cuts benchmark rate to 7.75 percent