Yerevan, August 2 /Mediamax/. The Board of the Central Bank of Armenia made no changes to the CB refinancing rate establishing it at the level of 4.75%.

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 today.

In June 2007, as compared to June, there was 3,2% deflation registered. The index of inflation in the course of one year made 2,3% - 2.9 percent-points less than the same level at the beginning of the year.

The CB Board noted that the external inflation pressures were mildly increasing. Despite the fact that the sharp growth of international prices for grain slowed down in July, the uncertainty regarding the further prices will preserve until the information about the future corn corp.

At the same time, the CB press service noted, the influence of internal factors on inflation in the first half of 2007 was mild.