September 10, 2019 / 12:07 PM / 14 days ago

Armenia's central bank cuts refinancing rate to 5.50%

YEREVAN, Sept 10 (Reuters) - Armenia’s central bank on Tuesday cut its key refinancing rate to 5.50% from 5.75%.

Armenia’s consumer price index declined 0.4% in August month-on-month, but was up 0.6% year-on-year.

The central bank will hold its next meeting on rates on Oct. 29. (Reporting by Margarita Antidze; editing by Maria Kiselyova and Kevin Liffey)

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