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Armenia C. Bank Cuts Refinancing Rate To 7.25%

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  • 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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