YEREVAN, September 29. / ARKA /. According to the findings of a survey of Armenian commercial banks, conducted in the second quarter of 2012 by the Central Bank to find out their forecasts about the 12 month inflation, more than 57% of banks predict a 2.5% -5.5% annual inflation. The number of commercial banks, which predict a 12-month inflation rate within this corridor increased from 48% to 57%, when compared to the findings of the previous quarter.
According to the Central Bank, the number of commercial banks, which predict a 5.5-8.5%, was down from 43% to 38.1%.
The forecasts of crediting organization were slightly different. Some 38 percent of them predicted the first option and as many the second. The survey also found out that inflation expectations of households softened compared to the previous quarter from 5.0% to 4.1%.
According to survey results, market expectations of commercial banks and credit organizations regarding interest rates remain stable for the whole year, with the exception of interest rates on funds attracted and placed in local currency, which are expected to grow. -0-
