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Armenia again cuts interest rates amid low inflation, high growth: THIS WEEK IN BUSINESS

  • Armenia’s new economy minister insisted there is no systemic corruption within his agency and pledged his priority would be to diversify the country’s trade ties.
  • Armenia’s Central Bank this week cut interest rates to 8.5%, as inflation in the country continues to remain well below target levels and the economy continues to grow.
  • Armenia said it expects Russia to keep natural gas prices low through at least 2031, even as ties between the countries continue to worsen dramatically.

Credits: Ruptly

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