YEREVAN, February 12. /ARKA/. The board of the Central Bank of Armenia doesn’t rule out that the benchmark refinancing rate may be revised in the future, the regulator’s press office reported today.
The board decided today to leave the current eight-percent benchmark refinancing rate unchanged.
The latest change was made on September 6, 2011. The regulator then lowered the benchmark refinancing rate from 8.5% to 8%.
In the short-term prospective, there are deflation risks connected with pessimistic outlooks about the global economy as well as inflation risks that may stem from a possible rise of natural gas prices with inflation risks dominating. These risks in mind, the central bank doesn’t rule out a revision of its key refinancing rate in the future.
The board said that given developments in the global and domestic economies, 12-month inflation is very likely to stand at 4% under the present benchmark refinancing rate. -0—
