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Market Update: Armenia Hikes Interest Rate to 6.5%
The Central Bank of Armenia raised its key refinancing rate by 50bps to 6.5 percent on June 15th, 2021, following a hike by the same margin in the May meeting amid elevated inflationary pressure. In May, the annual inflation rate eased to 5.9 percent from a 6-year high of 6.2 percent but remained well above the central bank’s target of 4 percent. source: Central Bank of Armenia [/s2If]
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