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Daily Archives: Aug 24, 2013

Armenia’s Central Bank expects inflation rate in third quarter to rise to 8.5%

Banks
Armenia’s Central Bank expects the 12-month inflation rate in the third quarter of 2013 to climb to 8.5%. This forecast can be found in the regulator’s report on third quarter monetary policy

IMF managing director calls on major central banks to continue support for weak economies

Banks
The head of the International Monetary Fund (IMF) cautioned the world’s major central banks Friday not to withdraw their unconventional support for weak economies too soon

Armenian banks’ time deposits grow by 12 percent in second quarter to about 667.9 billion drams

Economy
Armenia’s 21 banks’ time deposits of individuals and private entrepreneurs saw an almost 12 percent rise in the second quarter

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Euro jumps 3.4 points to AMD 413.36

The average market exchange rate of the U.S. dollar to the Armenian dram on February 5, 2025, totaled AMD 396.58, down 0.13 points compared to February 4.

Loans show faster growth than deposits in December – Finance Ministry

Financial intermediation by the Armenian banking system in December 2024 continued to outpace economic activity, also characterized by a higher growth rate of loans compared to deposits, according to the Armenian Ministry of Finance's report titled "Review of Macroeconomic Developments. December 2024." Unlike December 2023, the growth in loan volumes (24.2%) exceeded the growth in deposit volumes (13.9%).

Strong demand for mortgages and consumer loans keep interest rates high – Central Bank of Armenia

One of the phenomena faced by the Central Bank of Armenia is the huge demand for loan products, the regulator's head Martin Galstyan said at a press conference on Tuesday.

Armenia’s inflation in 2025 may approach lower threshold of target – Central Bank

The inflation target in Armenia for the current year is set at 3%, and by the end of 2025 it will most likely approach the lower limit, Central Bank Chairman Martin Galstyan said at a press conference on Tuesday.

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