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May 18
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YEREVAN. – The increase in the refinancing rate in Armenia is not conditioned by the forthcoming snap parliamentary elections. The governor of the Central Bank of Armenia (CBA), Martin Galstyan, told this to reporters Tuesday.

He assured that elections are exclusively an internal political process and the CBA is not guided by them. "Our actions are not conditioned by elections. Our goal is to ensure the annual inflation target at the level of 4 percent," Galstyan explained.

He informed that the next meeting of the CBA Board will be held on June 15, during which a new decision on the refinancing rate will be made.

As reported earlier, at its meeting Tuesday, the CBA Board decided to raise the refinancing rate in Armenia by 0.5 percentage point—to 6.0 percent.

The snap parliamentary elections in the country are expected to be conducted on June 20.

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