PanARMENIAN.Net

RA Central Bank does not change refinancing rate
10.03.2009 21:18 GMT+04:00

/PanARMENIAN.Net/ During the meeting as of March 10, the RA Central
Bank Council made a decision not to change the refinancing rate and to
leave it on the level of 7,75%, the RA Central Bank press-service
reported to PanARMENIAN.Net.

The Central Bank Council thinks that the assessments regarding the
inflation pressures, preconditioned by the devaluation of national
currency and presented at the Council’s special meeting as of March 3,
remain realistic.

In the very case, the previous increase of the rates by 1.0 points, at
present provides a reasonable combination of deviation decrease from
the target inflation level and assistance for economic growth.

Besides, the Council did not eliminate further updating of percentage
rates in case they maintained today’s internal and external economic
developments.