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

Armenia’s Central Bank anticipates 12-month inflation at projected 4% (±1,5%)

YEREVAN, April 20. /ARKA/. The Central Bank of Armenia finds it rational to confirm 12-month inflation rate at 4% (±1,5%) acceptable range, according to CBA Board session’s results reported by the bank’s press service to ARKA.

According to the press release, economic processes in Armenia are not inflationary and influence inflation environment in accordance with the country’s monetary-credit policy basic scenario. Outer processes, according to CB, are also anticipated by the basic scenario.

The source also says inflation rate in March was 0.1% from February. As a result 12-month inflation dropped by 0.8 p.p. to 2.2% at projected 4 ±1,5% range within the reported period.

The Board clarified that optimistic expectation raised by positive tendencies on economic activity in the leading countries resulted in formation of weak inflation environment at international raw materials and food markets.

Moreover, prices for oil products rose due to stagnation in geopolitical issues in Middle East, what was taken into account by the Central Bank while compiling its monetary-credit policy.

CB also reported on financial market development tendencies. Thus, average interest rate on government bonds with up to one –year maturity period shrank by 0,13 p. p. to 8.77%, interest rates on repo transactions fell by 1.07 p.p. to 9.81%, and interest rates on interbanking repo transactions lost 1.27 p.p. reaching 9.46%.

On April 10, CBA Board decided to leave the refinancing rate unchanged at 8%, lombard repo rate- at 11%, and rate on commercial banks’ deposits with the Central Bank at 5%.

Last time CBA downgraded its refinancing rate by 0.5 p.p. to 8% on September 6.—0—

spot_img

POPULAR

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.

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.

Viva Armenia CJSC bonds listed on Armenia Stock Exchange

The Armenia Stock Exchange (AMX) is pleased to welcome another major company to the capital market. Viva Armenia CJSC’s USD-denominated bonds will be listed on the Armenia Stock Exchange starting from 15 July.

Moody’s upgrades Converse Bank’s ratings

Moody's Ratings has upgraded Converse Bank CJSC's long-term local and foreign currency bank deposit ratings to Ba3 from B1, aligning the Bank’s rating with Armenia’s sovereign rating.

Armenia and EIB sign financial agreement for Resilient Syunik Program worth €50 million

A financial agreement for the Armenia-Sustainable Syunik Program has been signed in Luxembourg by Armenian Minister of Finance Vahe Hovhannisyan and Vice President of the European Investment Bank (EIB) Teresa Czerwińska.

LATEST NEWS

spot_imgspot_imgspot_img