Armenia cuts again as deflation deepens
Board maintains inflation will rise in medium term
The Central Bank of Armenia cut its policy rate again on September 27, as inflation dipped further below target.
The 50 basis point cut brings the rate to 6.75%, and follows another 25bp cut in August. The central bank has been in an easing cycle all year, as inflation has progressively dipped further below its 4% target. In August inflation registered –1.9%, down from –1.3% a month earlier.
Inflation is likely to remain low in September, before recovering somewhat later in the year, the board
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