Wed, 2 July
20.1 C
Yerevan
USD: 385.32 RUB: 4.91 EUR: 455.06 GEL: 141.61 GBP: 530.70

Regulator: Inflation Likely To Be Recorded Between 4% And 7.5% In Armenia In Late 2011

YEREVAN, May 11. /ARKA/. The Central Bank of Armenia said in its monetary policy program for the 2nd Q 2011 that it was 86% sure that inflation would be recorded between 4% and 7.5% in Armenia by the end of this year.

In the 2011 government budget, inflation is projected at 4% (±1.5%).

The regulator’s forecast is based on estimates of likely inflation changes under the tightened monetary policy and the unchanged interest rates on obligatory reservation.

The central bank predicts that year-on-year inflation rate would remain high in the second half of this year due to the unprecedented price hike in agriculture market in 2010 and world prices for foods and raw materials.

According to the central bank’s outlooks, if consequences of the mentioned shocks are neutralized, inflation will slow down and come close to the projected 4±1.5%.

“Inflation risks dominated the previous outlooks, while now their gradual balancing is seen – risks connected with agriculture and outside markets as well as those connected with domestic demand are balanced,” the central bank says in its program.

The regulator says that inflation deviation from the projected average of 4% is very likely amid uncertainty..-0—

Inflation margins Prospects for staying within the projected margins
IV Q 2011 I Q 201

2

< 3,0% 0

.73%

13

.55%

3.0 – 4,0% 6

.72%

22

.77%

4.0 – 5,5% 40

.75%

37

.68%

5.5 – 7,5% 45

.43%

22

.88%

7.5 – 9,5% 6

.24%

3

.01%

9.5%< 0

.13%

0

.11%

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Central Bank of Armenia refrains from forecasting the exchange rate of dram for 2025

The Chairman of the Central Bank of Armenia Martin Galstyan declined today forecasts on the exchange rate of the national currency , the dram, against the US dollar for the next year and did not comment on the impact of the recent fluctuations of the Russian ruble.   

Finance Minister: Armenia has no problems with public debt management

The government of Armenia does not have serious problems with managing the public debt,  Finance Minister Vahe Hovhannisyan said today in response to ARKA News Agency's about  about how manageable the debt is and what the main risks associated with it are.

Partnership Launch: Freedom Broker Armenia & Teach For Armenia

Teach For Armenia is proud to announce a new partnership with Freedom Broker Armenia, aimed at enhancing financial literacy and educational innovation in Armenia.

LATEST NEWS

spot_imgspot_imgspot_img