“Inflation report” will be published

On May 23 “Inflation report” of 2014 second trimester will be published, where current trimester monetary policy program is also included. The program intends more expansionary monetary policy during the second trimester, as inflation and economic activeness are estimated lower, than the CB previous predictions were.

The CB on May 13, 2014 has already reduced the refinancing rate by 0.25 percentage point, to 7.25 percent.

The document will be available on the CB official website- www.cba.am.

CB public relations service