Armenian CB Board raised the refinancing rate, establishing it at 5.00% level

03.10.2007 | 16:55 Home / News / News /

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.

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