Sat, 26 July
22.1 C
Yerevan
USD: 383.94 RUB: 4.85 EUR: 450.25 GEL: 141.78 GBP: 516.63

Central Bank of Armenia approves money and credit policy program for quarter 2

YEREVAN, May 4. / ARKA /. The Central Bank of Armenia (CBA) said today its Board has approved CBA’s Money and Credit Policy Program for the second quarter of 2011.

The Money and Credit Policy Program for the first quarter of 2011 approved in early February predicted a 4.1%-5.7% economic growth in 2011. The value added growth in the construction sector was predicted to rise by 2-4%, due to increased construction in energy, agriculture and transport and communications sectors.

The Central Bank predicted also a 3.5-5.5% growth in services sector due to anticipated rise in government and private expenditures. The agriculture was said to grow by 7-9% due to growth in cattle breeding and plant cultivation. The Central Bank’s inflation forecast was 5.5-7.5%, above the maximum level of 4% (±1,5%) targeted by the Armenian authorities. -0-

spot_img

POPULAR

In Armenia, bad loans worth over $1 million have been written off under the state support program – Ministry of Social Affairs

14,757 applications for writing off bad loans have been received in Armenia within the framework of the relevant state support program, which started on February 1, 2025.

A scheme for stealing funds through fake investment platforms  exposed in Yerevan

A criminal group operating in one of the capital's business centers and stealing citizens' money through Internet calls has been exposed in Armenia, the Investigative Committee of Armenia reports.

Fitch forecasts Armenia to tighten fiscal policy after 2027

Fitch Ratings analysts forecast a tightening of fiscal policy by the republic's authorities in a new report on Armenia.

Fitch expects inflation in Armenia to remain within the target level until 2027

International rating agency Fitch expects inflation in Armenia to remain within the target level until 2027, although soft fiscal policy and the projected moderate weakening of the dram create certain risks.

Ranking of most profitable banks in Armenia based on results of first quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the first quarter of 2025.

LATEST NEWS

spot_imgspot_imgspot_img