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Armenian CB Board Not To Change Refinancing Interest Rate

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  • Armenian CB Board Not To Change Refinancing Interest Rate

    ARMENIAN CB BOARD NOT TO CHANGE REFINANCING INTEREST RATE

    Arka News Agency, Armenia
    Dec 8 2006

    YEREVAN, December 8. /ARKA/. The Board of the Central Bank of Armenia
    made a decision Tuesday not to change the refinancing interest rate,
    4.75%.

    The refinancing interest rate increased by 0.25% on October 3, 2006.

    The CBA launched a new policy for regulation of inflation - targeting
    - on January, 2006. The main leverages here are interest rates,
    particularly the refinancing interest rate.
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