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Daily Archives: May 26, 2015

Regulator: 12-month inflation to fluctuate between 2.5 and 5.5 percent in 2015

Economy
The 12-month inflation will fluctuate between 2.5 and 5.5 percent and will come close to the projected indicator by the end of this year, the Central Bank of Armenia says in its inflation report based on its monetary policy for the second quarter of this year and the first quarter's results

Moneyval committee team to evaluate Armenia’s progress in fighting against money laundering

Banks
An evaluation group of the Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism, a monitoring body of the Council of Europe, headed by the Secretary General of the Committee John Ringguth will be visiting Armenia from May 25 to June 6, the Central Bank of Armenia reported today

Banks in Armenia down their inflation outlook from 5.8% to 4.8% – regulator’s survey

Banks
Banks in Armenia have downed their average 12-month inflation outlook from 5.8% to 4.8%, the Central Bank of Armenia says in its inflation report based on its monetary policy for the second quarter of this year and the first quarter's results

First quarter’s economic growth in Armenia to stand at 2.1-2.5% – regulator’s forecast

Economy
The first-quarter economic growth in Armenia will stand between 2.1 and 2.5 percent, the Central Bank of Armenia says in its inflation report based on its monetary policy for the second quarter of this year and the first quarter's results

Central bank negotiates sale of its share in Panarmenian bank

Banks
Armenian Central Bank governor Artur Javadyan said today the government is negotiating the sale of its share in the Panarmenian Bank with potential investors

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Euro jumps 3.4 points to AMD 413.36

The average market exchange rate of the U.S. dollar to the Armenian dram on February 5, 2025, totaled AMD 396.58, down 0.13 points compared to February 4.

Loans show faster growth than deposits in December – Finance Ministry

Financial intermediation by the Armenian banking system in December 2024 continued to outpace economic activity, also characterized by a higher growth rate of loans compared to deposits, according to the Armenian Ministry of Finance's report titled "Review of Macroeconomic Developments. December 2024." Unlike December 2023, the growth in loan volumes (24.2%) exceeded the growth in deposit volumes (13.9%).

Strong demand for mortgages and consumer loans keep interest rates high – Central Bank of Armenia

One of the phenomena faced by the Central Bank of Armenia is the huge demand for loan products, the regulator's head Martin Galstyan said at a press conference on Tuesday.

Armenia’s inflation in 2025 may approach lower threshold of target – Central Bank

The inflation target in Armenia for the current year is set at 3%, and by the end of 2025 it will most likely approach the lower limit, Central Bank Chairman Martin Galstyan said at a press conference on Tuesday.

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