Yerevan /Mediamax/. The Central Bank of Armenia increased today the refinancing rate for 0.25 percentage points##, establishing it at the level of 7.75%.

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.

It was noted at the session that in August 2008, as compared to July, deflation at the volume of 0.7% was registered. The annual inflation index, however, increased for 0.8 percentage points and made 11.5%.

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.

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