Investment companies can also manage non-public investment funds
At the meeting of September 22, the Board of the Central Bank of Armenia approved the project on making amendments and additions to the Resolution 332-N of the Central Bank of Armenia.
Federal Reserve leaves interest rate unchanged
The Federal Reserve kept the interest rate steady at 5.25%-5.50%, the highest in the last 22 years.
Simultaneously, the Fed revealed intentions to reduce the interest rate by 0.75 percentage points in the upcoming year.
The central bank foresees a drop in inflation to 2.4% in 2024, adjusted from the September forecast of 2.5%, and a further decrease to 2.2% by 2025.
Refinancing rate has been reduced by 0.5 pp
At its meeting today, the Board of the Central Bank of Armenia decided to reduce the refinancing rate.
Wall Street ends lower after Fed minutes cloud outlook for rates
Wall Street ended lower on Wednesday after the Federal Reserve's minutes showed central bank officials were divided over the need for more interest rate hikes at their last meeting.
This page was last updated 14.12.2023 00:46
