Yerevan, December 4 /Mediamax/. Board of the Central Bank of Armenia raised the refinancing rate for 0.5 percent points, establishing it at the level of 5.75%.

As Mediamax was told in the press service of the Central Bank, the corresponding decision was made at the session of the CB Board today.

In November of 2007, as compared to October, 2.1% inflation was registered. The inflation index as to the whole year made 6.8%, 1.3 percent points exceeding the upper level of the planned 41,5 %.

The CB Board confirmed that in the fourth quarter of 2007, it will carry out consequent work on neutralization of inflationary pressures and softening the inflationary expectations.