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ARMENIA'S CB REDUCES REFINANCING RATE TO 6.25 PER CENT
/PanARMENIAN.Net/
22.05.2009 21:27 GMT+04:00
/PanARMENIAN.Net/ Today Armenia's Central Bank Council made a decision
to reduce the refinancing interest rate by one percentage point to
6.25 per cent annually.
As the CB official web-site reports, the Council of the Central Bank
stated that current inflationary developments mainly correspond to
the projected directions and will be maintained for the target period.
The Central Bank Council believes, that the economic growth will be
facilitated more efficiently by sharp weakening of money-and-credit
conditions through reducing the refinancing interest rate.
From: Emil Lazarian | Ararat NewsPress
/PanARMENIAN.Net/
22.05.2009 21:27 GMT+04:00
/PanARMENIAN.Net/ Today Armenia's Central Bank Council made a decision
to reduce the refinancing interest rate by one percentage point to
6.25 per cent annually.
As the CB official web-site reports, the Council of the Central Bank
stated that current inflationary developments mainly correspond to
the projected directions and will be maintained for the target period.
The Central Bank Council believes, that the economic growth will be
facilitated more efficiently by sharp weakening of money-and-credit
conditions through reducing the refinancing interest rate.
From: Emil Lazarian | Ararat NewsPress