Mon, 20 October
17.1 C
Yerevan
USD: 382.59 RUB: 4.71 EUR: 447.25 GEL: 141.36 GBP: 513.89

Armenia’s inflation to be within the target levels in 2014-2015 – Central Bank

YEREVAN, December 4. /ARKA/. Armenia’s inflation will be within the target level of 4% (±1.5%) in 2014-2015, deputy head of the central bank Nerses Yeritsyan said at a government meeting on Thursday.

The central bank sees no serious risks in terms of price stability also for the future, Yeritsyan said.

Inflation will stay within 4% in 2014 and be in the limits of 4% (±1.5%) in 2015 having in mind the recent developments in the currency market, he said.

Earlier, the head of the central bank Artur Javadyan said inflation will be back to 4% (±1.5%) in early 2015.

According to him, the 12-month inflation went from 5.6% at the end of 2013 down to 0.8% in august 2014 and up at 1.5% in September 2014 compared to September 2013.

The central bank says January-October inflation was 2.9% against the same period of 2013.

The budgeted inflation level for 2014 is 4% (±1.5%), and the same level is projected in the 2015 draft budget. –0—

spot_img

POPULAR

Ranking of the most profitable banks in Armenia based on results of second quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the second quarter of 2025.

Net loan portfolio of Armenian banks in Q2 2025 increased by 6.11% to AMD 6.8 trillion

The combined loan portfolio of 17 Armenia-based commercial banks upped  by 6.11% in Q2 2025 compared to Q1 2025, amounting to AMD 6.82 trillion, according to a ranking compiled by  the ARKA news agency.

Armenia is experiencing an investment boom: opportunities, barriers and main misconceptions

Armenia's investment market is experiencing a period of active development: the number of issues is growing, digital technologies simplify access to financial instruments.

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.

“We want the word ‘investor’ in Armenia to mean normality, not elitism” – Freedom Broker Armenia

ARKA news agency spoke with Freedom Broker Armenia Director Ovak Ovakimian about the transformation of investment thinking, company strategy and trust as an economic value.

LATEST NEWS

spot_imgspot_imgspot_img