Yerevan /Mediamax/. The Central Bank of Armenia increased today the refinancing rate for 0.25 percentage points##, establishing it at the level of 6.75%.

As Mediamax was told in the press service of the Central Bank, the given decision was made by the CB Board today during its session.

In April 2008, as compared to March, inflation at the volume of 1.1% was registered. The inflation index in the course of the year made 10.7%, which is almost 4 percentage points higher, as compared to the level, marked in the end of 2007.

The CB Board noted that the high inflation atmosphere in the world food markets and the pressures on the internal prices for foodstuffs, conditioned by that, preserved, and the degree of uncertainty of developments in the external markets remained high.

The CB Board believes that the inflationary pressures will be preserved in future and the gradual toughening of monetary-credit policy will be directed to the mitigation of secondary influences, caused by the external developments, and the inflationary expectations, conditioned by them.