Armenia’s Central Bank cuts refinancing rate to 8.25%
Related Articles

Visit the full article


  • U.S. Fed to meet amid dwindling hopes of summer rate cuts

    WASHINGTON — The U.S. Federal Reserve is highly likely to keep interest rates unchanged later this week, as policymakers contend with a recent uptick in inflation that has sharply cut the chance of a summer start to interest rate cuts. The Fed's decision to hike interest rates and then hold them at a 23-year high has helped to significantly lower elevated inflation, although it remains stuck firmly above the U.S. central bank's long-term target of two percent.
  • 1.25 million square foot office complex opens in California’s capital

    (FOX40.COM) -- A 1.25 million gross square foot office complex that's named after California's longest-serving state employee in history is scheduled to open in Sacramento on Wednesday. The May Lee State Complex is located in the Sacramento River district at 651 Bannon Street. The four-tower facility is a part of the Department of General Services []
  • GCC central banks hold interest rates steady for 6th time following Fed's move

    RIYADH: Gulf Cooperation Council central banks have held interest rates steady for the sixth time as the US Federal Reserve keeps its benchmark level between 5.25 percent and 5.50 percent.     As most currencies in the region are pegged to the US dollar, monetary policy follows the decisions taken in Washington, with policymakers opting to lock the rate at the level it has been since July.   The freeze comes as the rate-setting panel cites “a lack of further progress toward the...