Yerevan /Mediamax/. Central Bank (CB) of Armenia considers it reasonable to refrain from increasing the refinancing rate, CB money-and-credit Policy Program for the third quarter of 2010 reads. 

Mediamax informs, at that CB does not rule out the further adjustment of rate, depending on external and internal macroeconomic environment.

Despite the inflation rate reduction in the first half-year, CB will continue implementing money-and-credit policy during the twelve-month period after June, directed at removing the preserved inflation potential and its return to target frame.

High demand growth rates for ADM, observed as a result of positive macroeconomic trends and measures on de-dollarization, are registered in the program. CB forecasts read, this trend will be maintained during the next 12 months.

According to CB expectations, during the coming 12 month period, economy crediting index will increase by 15%, at that special activity will be observed in mortgage and small and medium business crediting spheres.