March 17, 2020 / 11:48 AM / 22 days ago

Armenia central bank cuts key refinancing rate to 5.25%

YEREVAN, March 17 (Reuters) - Armenia’s central bank on Tuesday cut its key refinancing rate to 5.25% from 5.5%, the bank said in a statement.

Armenia’s consumer price index fell 0.2% in February month-on-month and was down 0.5% year-on-year.

The central bank will hold its next meeting on rates on April 28. (Reporting by Margarita Antidze and Nvard Hovhannisyan; Editing by Alex Richardson)

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