Armenia Central Bank Keeps Interest Rates Steady Amid Middle East Tensions

The Armenian Central Bank has kept its benchmark interest rate unchanged at 6.5%. In a statement, bank chief Martin Galstyan warned that the prolonged conflict in the Middle East could drive up inflation and affect economic stability.

The bank's decision to maintain interest rates comes as Armenia navigates challenging economic conditions. Despite this, the country's financial sector remains relatively stable, with borrowing costs remaining at manageable levels.

In related news, the Armenia Stock Exchange is exploring the possibility of introducing a platform for trading cryptocurrencies. This move would allow investors to buy and sell digital currencies, potentially expanding the exchange's offerings and attracting new participants to the market.