Banks in Armenia down their inflation outlook from 5.8% to 4.8% – regulator’s survey

YEREVAN, May 26. /ARKA/. Banks in Armenia have downed their average 12-month inflation outlook from 5.8% to 4.8%, the Central Bank of Armenia says in its inflation report based on its monetary policy for the second quarter of this year and the first quarter’s results.

The results of the current survey of financial organizations and households show that inflation outlooks for the next 12 months mitigated thanks to the radical measures taken by the central bank in late 2014, which allow the regulator to curb the financial market’s inflation outlooks prompted by geopolitical developments in the region.

Households’ inflation outlooks went down as well – to 3.7%, on average.

The survey also shows that some increase in interest rates on deposits in drams is expected at Armenia’s financial market, while interest rates on deposits in foreign currencies are expected to shed due to the regulator taken measures.

Interest rates on dram and foreign currency deposits at the country’s financial sector are expected to grow in the future.

According to the central bank’s forecast, the 12-month inflation will fluctuate between 2.5 and 5.5 percent and will come close to the projected indicator by the end of this year.

Inflation stood at 5.8% in the first quarter of this year coming close to the ceiling of the projected range.
In the government budget for 2015, inflation is projected at 4% and GDP growth at 4.1%. –0–

spot_img

POPULAR

External shocks are having little impact on Armenia so far, but investor caution will grow – INTERVIEW

Amid the S&P 500's worst quarter since 2022, rising global anxiety, and persistent geopolitical uncertainty, investors are increasingly asking whether this is a temporary market reaction or a deeper shift in investment logic.

Euro and ruble rise against Armenian dram, while USD declines slightly

As of April 6, 2026, the average market exchange rate for the US dollar to the Armenian dram, established on the Armenian foreign exchange market, decreased by 0.36 points from April 3, settling at 376.62 drams.

Unibank to participate in Leasing Expo 2026 with a special offer

From April 10–12, 2026, Unibank will participate in Armenia’s largest international exhibition for leasing and financial solutions, offering visitors favorable conditions.

Armbanks Weekly Digest: Key Events in Armenia’s Financial Market (March 30 – April 5)

From March 30 to April 5, the Armenian financial market focused on exchange rate dynamics, the publication of March inflation data, the meeting of the Central Bank's management with the IMF mission, discussions of the reverse mortgage mechanism, the agreement between the CDA and UzCSD, and issues of disclosure by issuers in the capital market.

Euro to Armenian dram exchange rate jumped by 5.36 drams, while the dollar and ruble rose slightly: Central Bank of Armenia

The average market exchange rate for the US dollar to the Armenian dram, determined on the Armenian foreign exchange market as of April 1, 2026, increased by 0.07 points compared to March 31, reaching 377.23 drams.

LATEST NEWS

spot_imgspot_imgspot_img