YEREVAN, May 16. /ARKA/. Armenia’s Central Bank decided at the meeting today to keep the refinancing rate unchanged at 6%, the regulator’s press service reported.
In an interview with Reuters in March, Armenia’s Central Bank chairman Artur Javadyan signalled a halt to the easing cycle, saying the bank would now be more cautious in deciding whether to cut rates because of potential economic and financial risks. In 2016 alone the rate was lowered 8 times. -0-
