CBA Raises Refinancing Rate

CBA RAISES REFINANCING RATE

PanARMENIAN.Net
21.01.2010 14:53 GMT+04:00

/PanARMENIAN.Net/ The refinancing rate was set at 5.5% during the
January 21 board meeting of the Central Bank of Armenia.

With 2% inflation growth registered in December 2009, the annual
inflation rate made 6.5%, exceeding the upper limit by 1.0%.

The CBA supposes that high inflation rate will be preserved, resulting
in stiff monetary management, the bank’s press service reported.

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