The Central Bank of Armenia raised the annual refinancing rate 50 basis points to 7.75% from 7.25% previously. Armenia recorded monthly inflation of 2.8% in January this year, placing the annual inflation rate at 10.6% as rising food and commodity prices caused a surge in inflationary pressures. The Armenian Government noted in the state budget of Armenia 2011 that its inflation target is planned as 4.0% with a band of +/- 1.5%.
0 comments:
Post a Comment