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Armenia C.Bank Keep Refinancing Rate At 8.00 Pct

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  • Armenia C.Bank Keep Refinancing Rate At 8.00 Pct

    ARMENIA C.BANK KEEP REFINANCING RATE AT 8.00 PCT

    Reuters
    March 6 2012

    YEREVAN, March 6 (Reuters) - Armenia's central bank kept its key
    refinancing rate unchanged at 8.0 percent on Tuesday, as annual
    inflation was within the government's target for the year.

    Consumer prices declined 0.9 percent last month after an increase of
    3.6 percent in January.

    The annual inflation rate stood at 3.0 percent in February, the
    central bank said, lower than 4.8 percent in January and within the
    government's target range of 2.5 percent to 5.5 percent. (Reporting by
    Hasmik Lazarian,; writing by Margarita Antidze in Tbilisi, editing
    by Alfred Kueppers)

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