Armenia C. Bank Cuts Refinancing Rate To 7.25%

ARMENIA C. BANK CUTS REFINANCING RATE TO 7.25%
by Maria Kiselyova

Reuters
Life Style Extra
Dec 2 2008
UK

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.

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