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Armenia Central Bank Cuts Refinancing Rate To 7.25 Pct

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  • Armenia Central Bank Cuts Refinancing Rate To 7.25 Pct

    ARMENIA CENTRAL. BANK CUTS REFINANCING RATE TO 7.25 PCT

    Life Style Extra
    http://www.lse.co.uk/MacroEconomicNews.asp?A rticleCode=61lc2ru9oxta3rl&ArticleHeadline=arm enia_cbank_cuts_refinancing_rate_to_725_pct
    May 12 2009

    YEREVAN, May 12 (Reuters) - Armenia's central bank said on Tuesday
    it had cut its refinancing rate to 7.25 percent from 7.50 percent.

    The central bank floated the country's dram currency in March and
    at the time raised the refinancing rate by 100 basis points to 7.75
    percent.
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