OREANDA-NEWS. November 16, 2009. In its meeting the Board of CBA decided to leave the Refinancing Rate of CBA unchanged, at 5.00 percent, reported the press-centre of CBA.

In October of 2009 some 0.5 percent inflation was recorded, while the 12-month inflation reached 3.5 percent.

The Board asserted that in the current period the inflation behavior and macroeconomic developments have been consistent with the CBA forecasts. Moderate inflationary pressures continued spilling over from the external environment, reflecting trends of growth of international prices of raw materials and some food products. These developments, coupled with the stabilizing real GDP level, kept the domestic inflationary environment active.

Given the outlook of continuation of the above mentioned developments, the Board believes that the current level of interest rate best contributes to the fast recovery of the economy, without detriment to price stability.