CBA RAISES REFINANCING RATE
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.