{"id":20628,"date":"2011-03-12T10:21:55","date_gmt":"2011-03-12T10:21:55","guid":{"rendered":"https:\/\/armbanks.am\/2011\/03\/12\/232500\/"},"modified":"2024-12-15T12:50:20","modified_gmt":"2024-12-15T12:50:20","slug":"central-bank-of-armenia-to-increase-refunding-rate","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2011\/03\/12\/20628\/","title":{"rendered":"Central Bank of Armenia to increase refunding rate"},"content":{"rendered":"<p><strong>YEREVAN<\/strong><strong>, March 12. \/ARKA\/.<\/strong> CB Armenia will continue the policy of increasing refunding rates in the nearest future by facilitating monetary-credit conditions, said CB monetary-credit policy department head Artur Stepanyan.<\/p>\n<p>On March 4, 2011, CB board adopted decision on increasing refunding rates by 0.5 percent point in the size of 8.25%.<\/p>\n<p>Stepanyan said that further developments of the rates will depend on their level, particularly on the level of inflation, internal and external environment.<\/p>\n<p>Last time CB increased refunding rate on February 8, 2011 by 0.5 p.p. to 7.75%. During 2010 refunding rate was increased five times &#8211; from 5.0 to 7.25% (January 21, February 16, March 9 and April 13 \u2013 each time by 0.5 p.p. and on May 11 \u2013 by 0.25%). On January 11, 2011 CB board adopted a decision on remaining refunding rate unchanged \u2013 7.25%.<\/p>\n<p>CB board considers that consecutive facilitation of monetary-credit conditions, changes in the mechanism of mandatory reservation, assistance to other state structures in the process of implementation of anti-crisis measures will create pre-conditions for the return of inflation from the second half of 2011.<\/p>\n<p>According to the State Budget of Armenia for 2011, inflation is planned in the size of 4\u00b11.5% in the country. &#8211;0&#8211;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>CB Armenia will continue the policy of increasing refunding rates in the nearest future by facilitating monetary-credit conditions.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[9214,9216,12315],"tags":[15837,15865,12160,13022],"class_list":{"0":"post-20628","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-banks-en-en","7":"category-news","8":"category-announces","9":"tag-armenia-2","10":"tag-central-bank-2","11":"tag-rate","12":"tag-short-term-government-bonds"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/20628","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/comments?post=20628"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/20628\/revisions"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=20628"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=20628"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=20628"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}