Yerevan/Mediamax/. No further toughening of monetary-credit policy is expected in summer in Armenia.

Mediamax reports that today such an opinion was voiced by Ameriabank Development Director Tigran Jrbashyan.

He said that the refinancing rate has already consolidated its position and will be stable in summer, taking into account the moderateness of inflationary pressures in these months.

Tigran Jrbashyan stated that decline of credit activity is observed in economy. It, nevertheless, will not lead to reduction of the credit portfolio of the banking system.