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

Fitch forecasts inflation in Armenia at 4.4% in 2026, subsequently declining to 3%

The international rating agency Fitch Ratings expects inflation in Armenia to average 4.4% in 2026, after which it will gradually return to its target level of 3%.

MONEYVAL does not pose a direct threat to the Armenian economy, but requires balanced implementation of its recommendations – economist

The recommendations of the MONEYVAL report on Armenia do not pose a direct threat to the country's economy, but their implementation must be proportionate and not create unjustified barriers for bona fide businesses and investors, according to economist Hrant Mikaelyan.

A banking STOP button has been launched in Armenia: the Central Bank has explained which transactions can be blocked

Since July 1, 2026, financial institutions in Armenia providing remote services have implemented the "STOP" mechanism, allowing customers to independently restrict individual transactions or completely block remote financial services.

Fitch Expects Central Bank of Armenia to Raise Refinancing Rate

International rating agency Fitch Ratings expects a temporary increase in the refinancing rate in Armenia.

Converse Bank Named Armenia’s Best Digital Bank for Consumers by Euromoney

Converse Bank has been named Armenia’s Best Digital Bank for Consumers by the internationally renowned financial publication Euromoney

LATEST NEWS

spot_imgspot_imgspot_img