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.
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.
This page was last updated 14.12.2023 00:46