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Central Bank of Armenia reduces the refinancing rate by 0 25 percentage points

Central Bank of Armenia reduces the refinancing rate by 0 25 percentage points
armenpress.am - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from armenpress.am Daily Mail and Mail on Sunday newspapers.

Central Bank of Armenia reduces the refinancing rate by 0 25 percentage points

Central Bank of Armenia reduces the refinancing rate by 0 25 percentage points
armenpress.am - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from armenpress.am Daily Mail and Mail on Sunday newspapers.

Central Bank of Armenia reduces the refinancing rate by 0 25 percentage points

Central Bank of Armenia reduces the refinancing rate by 0 25 percentage points
armenpress.am - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from armenpress.am Daily Mail and Mail on Sunday newspapers.

Forex and Cryptocurrencies Forecast

The past week was filled with both events and the release of macroeconomic data. Regarding the Federal Reserve meeting on July 26 and the European Central Bank meeting on July 27, there were no surprises in terms of key interest rate hikes. In both cases, they were predictably increased by 25 basis points (bps): to 5.50% for the dollar and to 4.25% for the euro. Therefore, market participants' attention was drawn to the statements made by the heads of these regulators following the meetings.

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