Mon, 28 April
9.1 C
Yerevan
USD: 390.33 RUB: 4.73 EUR: 443.14 GEL: 142.02 GBP: 519.57
spot_img

Armenian regulator hobbling economic growth by tightening its monetary policy

YEREVAN, November 12. /ARKA/. The restrictive policy of the Central Bank of Armenia should be seriously discussed by experts and developers of economic programs, Manuk Yerghnyan, the head of the Economy and Values Armenian Research Center said in an exclusive interview with ARKA News Agency.

“The central bank pursues a policy of restriction and high prices, and this may create big risks soon for economic growth and companies,” he said. “But it is clear that a high-risk environment is formed and the regulator is cautious in taking steps.”

Yerghnyan finds it difficult to say whether the central bank’s policy is correct and effective in the current circumstances or not.

According to the central bank’s report, a 0.5% deflation was recorded in Armenia in October 2015 against a1% inflation in October 2014. As a result, the 12-month inflation subsided to 1.9% in late October.
If inflation outlooks proved to be correct and no outside risks emerged, then the central bank would continue relieving its monetary policy.
In the 2015

In the 2015 government budget, GDP growth is projected at 4.1% and inflation at 4% (±1.5%). —0-

spot_img

POPULAR

Buy and sell cryptocurrencies for Armenian drams. Bybit opens doors for Armenian crypto-enthusiasts

Bybit announces the addition of a new option enabling enthusiasts to buy cryptocurrencies on the P2P platform for Armenian drams

Acba Bank donates amd 130 million to Military Insurance Fund (video)

Acba bank and other members of the financial group - ACBA Leasing and Amundi-ACBA - have donated more than AMD 130 million to Armenia's Military Insurance Fund in recent months, the press service of the bank reported

Average AMD/USD exchange rate in March was 1.9% lower than a year ago

In March 2025, the average AMD/USD exchange rate was 392.8, which is 1.9% lower than in March 2024 (400.4 AMD), the National Statistical Committee reports.

“Bear market’: sale of crypto-assets or the right time to buy

According to many news reports, cryptocurrencies are experiencing now a "troubled" time and might not survive in this massive bear market

Armenian BTA Bank introduces Internet-banking service “BTA On-Line”

Armenian “BTA Bank” introduces new Internet-banking service “BTA On-Line”.

LATEST NEWS

spot_imgspot_imgspot_img