Armenia’s Central Bank Raises Economic Growth Projection: Business Week Armenia

• Armenia’s Central Bank lowered its benchmark interest rate for the first time in more than two years, as inflation in the country continues to ease.
• Armenia’s monetary authorities hiked the country’s projected economic growth this year to almost 7%.
• A senior Armenian official did not deny the accuracy of reports that some Armenian banks have started to block Russian firms from making payments for electronics imports.

Credits: Ruptly