ARMENIAN CB BOARD RAISED THE REFINANCING RATE, ESTABLISHING IT AT 5.00% LEVEL
Mediamax, Armenia
Oct 3 2007
Yerevan, October 3 /Mediamax/. The Board of the Central Bank of
Armenia raised the CB refinancing rate for 0,25 percent points,
establishing it at the level of 5.00%.
As Mediamax was told in the press service of the Armenian Central
Bank, the corresponding decision was made by the CB Board during its
meeting on October 2.
In September of 2007, as compared to August, there was 0.7% inflation
registered. The index of inflation in the course of one year made 2.7%
instead of the planned 4%.
The CB Board noted that in the course of the upcoming 12 months,
the developments of the external and internal spheres will contain
considerable inflation risks.