Central Banking The Central Bank of Armenia Photo: Serouj/Wikimedia Print this page
The Armenian central bank’s governing board increased its policy rate by 50 basis points to 6% on May 4, in its third rate hike since September, when it stood at 4.25%. The CBA board cited rising prices on external markets in explaining its decision, specifically mentioning food prices. Inflation reached 5.8% at the end of March, the central bank said. It added a domestic economic recovery was producing higher inflation expectations. The central bank’s inflation target is 4%, with a 1.5% Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.