Armenia raises rate 7th time to curb rising inflation
The board of the Central Bank of Armenia (CBA) raised its refinancing rate by another 50 basis points to 7.75 percent and has now raised it 3.50 percentage points since December 2020 when it began tightening its policy stance in response to rising inflationary pressure.
This year CBA has raised its key rate 6 times and by a total of 2.50 percentage points following rate hikes in February, May, June, August, September and today.
Source: http://www.centralbanknews.info/2021/12/armenia-raises-rate-7th-time-to-curb.html
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