More than half of Armenian banks forecast 2.5 – 5.5% inflation

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-

spot_img

POPULAR

Armbanks Weekly Digest: Key Events in Armenia’s Financial Market (September 28 – October 4)

The week's financial agenda combined discussions on reforms with the IMF, supervisory measures by the Central Bank of Armenia (CBA), and preparations for budget financing. The banking and corporate segments of the capital market saw the completion of bond placements.

Unibank Joins the Armenian Solar Energy Association

Unibank has joined the Armenian Solar Energy Association (ASEA), which brings together companies in the renewable energy sector.

Team Holding Raises Approximately $35 Million on the Armenian Capital Market via Bond Issuance

Team Holding has completed its corporate bond public offering program in Armenia, raising funds equivalent to approximately $35 million.

Unibank Offers USD-Denominated Bonds with an Annual Coupon Rate of 6%

Unibank has completed the placement of its AMD-denominated bonds ahead of schedule: the issue, with a total volume of AMD 3 billion, was fully placed within just a few days.

IMF mission discusses macroeconomic issues and reforms with Armenian authorities

Armenian Deputy Prime Minister Tigran Khachatryan met with a delegation from the International Monetary Fund (IMF) mission, led by the IMF mission chief for Armenia, Nathan Porter, the Armenian government's press service reported.

LATEST NEWS

spot_imgspot_imgspot_img