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Armenian Central Bank: Inflation to decline after February peak

10 March 2010 [10:23] - TODAY.AZ
At the March 9 sitting, the Central Bank of Armenia made a decision on increase of refinancing rate up to 0.5 points, setting at 6.5 percent.

This February the rate registered increase of 0.3 percent compared to January 2010, as a result annual inflation index compared to last month hit 2.4 (9.4 percent).

Reaching peak in February, starting this month the inflation rate will decline, though starting April 1 some public utilities will go up.

According to CBA forecast, the inflation tendency will maintain.


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