{"id":6609,"date":"2010-01-21T14:44:11","date_gmt":"2010-01-21T14:44:11","guid":{"rendered":"https:\/\/armbanks.am\/2010\/01\/21\/230489\/"},"modified":"2024-12-15T12:46:01","modified_gmt":"2024-12-15T12:46:01","slug":"armenian-central-bank-raises-refinancing-rate-by-0-5-p-p-to-5-5","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2010\/01\/21\/6609\/","title":{"rendered":"Armenian Central Bank raises refinancing rate by 0.5 p.p. to 5.5%"},"content":{"rendered":"<p><strong>YEREVAN, January 21, \/ARKA\/.<\/strong> Armenia\u2019s Central Bank said today it has raised the refinancing rate by 0.5% percentage point to 5.5%. The bank\u2019s press office said the inflation rate rose by 2% in 2009 December from November, dragging the full-year inflation rate up to 6.5%, exceeding the targeted ceiling by 1.0 percentage point.<\/p>\n<p>The Central Bank said against the backdrop of global economic recovery the external inflationary pressure is being accelerated by higher than expected pace of rise of international prices of raw-materials and basic foodstuffs. It said the overall inflationary background is being effected also by recovering domestic economic activity and growing demand.<\/p>\n<p>The Central Bank said as a result of continued inflationary trends and economic recovery expectations the high inflationary environment will be preserved in the perspective future to be reflected in tightening fiscal and credit policy.<\/p>\n<p>Last time the Central Bank raised its refinancing rate on March 3, 2009 by 1 percentage point to 7.75% after it reverted to the floating exchange rate of the national currency Dram. Later it reduced refinancing rate on April 7 to 7.%, then on May 12 to 7.25%. On May 22 it fell by another 1 percentage point to 6.25%. On July 7 the refinancing rate was lowered to 5.5% and to 5% of September 8, 2009.  -0-<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Armenia\u2019s Central Bank said today it has raised the refinancing rate by 0.5% percentage point to 5.5%.<\/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":[9214,12139,9216],"tags":[15837,12150,12160,12357,310],"class_list":{"0":"post-6609","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-banks-en-en","7":"category-economy-en","8":"category-news","9":"tag-armenia-2","10":"tag-cb","11":"tag-rate","12":"tag-refinancing","13":"tag-310"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/6609","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=6609"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/6609\/revisions"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=6609"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=6609"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=6609"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}