Armenia cenbank keeps key refinancing rate unchanged at 6 pct

Armenia's central bank said on Tuesday it had kept its refinancing rate unchanged at 6 percent.

   

In an interview with Reuters in March, Armenia's central bank chairman signalled a halt to the easing cycle, saying the bank would now be more cautious in deciding whether to cut rates because of potential economic and financial risks. [nL5N1H30SC]

   

The Armenian central bank started cutting rates in August 2015 in order to spur both inflation and consumer demand. It last trimmed the rate to 6 percent in mid-February and kept it unchanged at 6 percent in March.