_Cropped_8_1713774739.jpg)
Russia’s CBR maintains key rate at 16%
7 hours ago
Armenia's consumer price deflation eased to 0.9% y/y in October down from 1.9% y/y a month earlier, the country's statistics agency Armstat reported on November 7.
Unlike its regional peers, Armenia has enjoyed relative monetary stability in recent years, following a 14% depreciation of the dram in December 2014. As such, inflation has remained within the government's target of 2.5% to 5.5%. Over the past seven months, however, the CPI has stayed in negative territory, prompting the central bank to ease monetary policy, cutting rates five times since February. The latest rate cut was delivered on September 27, when the bank lowered its refinancing rate by 50 basis points (bps) to 6.75%.
The price index of food products dropped the most - by 6% y/y, followed by non-food products (- by 3.6%). Meanwhile, service prices increased by 1.3% on an annual basis.
On a monthly basis, consumer prices edged up 0.5% from September, when they ticked higher by 0.1% Overall, the country's consumer price index declined by 1.5% y/y in the first ten months of the year.
Related Content
Data
Russia’s CBR maintains key rate at 16%
The board of the Central Bank of Russia (CBR) resolved to keep the key interest rate unchanged at 16% at the policy meeting on April 26, making a third meeting in a row that the rate is maintained flat.
NBU cuts rates 100bp to 13.5% on falling inflation
The National Bank of Ukraine (NBU) lowered the key policy rate by 100bp to 13.5% on April 25 and improved its inflation forecast as price pressure ease.
Turkey keeps policy rate constant at 50%
Central bank is, notably, no longer talking about building up its reserves in parallel with so-called monetary framework simplification policy.
_1713874341.png)
Slovak unemployment inched further down to 3.88% in March
There were 167,493 job applicants in March, which is at its lowest level since the end of 2019.
Poland’s industrial production disappoints in March as output declines 6% y/y
Poland’s industrial production fell 6% year on year in constant prices in March (chart), after a gain of 3.3% y/y the preceding month, unadjusted data from the statistical office GUS showed on April 22.
Most Read
-
The models are wrong, climate change is accelerating faster than predicted
1 day ago
-
Kuwait reacts angrily to being cut out of Iraq and Turkey’s transport project
23 hours ago
-
Russia already treating Bosnia’s Republika Srpska as an independent state
1 day ago
-
Putinomics: Russia’s oil and gas revenue to double in April
1 day ago
-
Bankers reassessing accelerating climate crisis in anticipation of trillions of dollars of annual damage
1 day ago
-
Ukraine's birth rate plummets to 300-year low as country’s population collapses
9 days ago
-
EU finally boosts defence investment into arms production as Ukraine runs out of ammo
1 month ago
-
Don't mention the "D" word - Ukraine
6 days ago
-
The 'wet-bulb' set to kill hundreds of thousands of people if temperatures and humidity levels continue to rise
4 days ago
-
Fresh evidence suggests that the April 2022 Istanbul peace deal to end the war in Ukraine was stillborn
9 days ago
-
Russia could pay off its entire external debt tomorrow, in cash
27 days ago
-
Speculation swirls of “Men in Blue” in Crocus City Hall terrorist attack linked to FSB
1 month ago
-
Albanians campaign on social media to keep bus bridge created in freak accident
1 year ago
-
BRICS announce a blockchain-based payment system to create a common currency
29 days ago
-
Saudi Arabia to scale back plans for Neom city
16 days ago