ARMENIA C. BANK CUTS REFINANCING RATE TO 7.25%
by Maria Kiselyova
Life Style Extra
Dec 2 2008
YEREVAN, Dec 2 (Reuters) – Armenia’s central bank said on Tuesday it
had cut refinancing rate to 7.25 percent from 7.75 percent to boost
economic growth amid falling global prices.
‘In this environment the central bank’s board deems expedient to soften
the monetary policy helping to maintain high economic growth rates,’
the bank said in a statement.