Yerevan /Mediamax/. The Central Bank of Armenia increased today the refinancing rate for 0.25 percentage points##, establishing it at the level of 7.50%.

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.

It was noted at the session that in July 2008, as compared to June, deflation at the volume of 2.2% was registered. The inflation index, however, in the course of the year increased for almost 1 percentage point and made 10.7%.

The CB Board noted that despite the tendency for decrease of international prices for foods, registered in the course of the recent few months, it has not influenced the internal prices.

It was also noted that despite he certain decrease of international prices for oil products, registered in the second half of July, the uncertainty concerning further changes in prices is still preserved.

The CB noted that the further clarification of the refinancing rate will depend on the speed and the volume of reaction of the internal prices to the tendencies in the international markets.