Yerevan /Mediamax/. Board of the Central Bank left the refinancing rate unchanged, establishing it at the level of 7.75%.

As Mediamax was told in the press service of CB, the Board believes that the assessments on inflationary pressures, presented at the special session on March 3, 2009, and conditioned by devaluation of national currency, still remain urgent.

In connection with this, the increase of the rate for 1 percentage point, the decision on which was made on March 3, secures reasonable combination of economic growth stimulation and decrease of divergence from the targeted level of inflation.

Along with this, the members of CB Board agreed on the opinion that in case the internal and external economic processes are preserved, further correction of interest rates is not ruled out.