Sat, 27 September
23.1 C
Yerevan
USD: 382.71 RUB: 4.59 EUR: 446.43 GEL: 141.38 GBP: 510.80

No significant risks for ensuring projected inflation rate – Armenian regulator

YEREVAN, September 28. /ARKA/. No significant risks for ensuring the projected inflation rate in Armenia are seen in the medium term, despite deflationary risks in a short-term period, the board of the Central Bank of Armenia said at its session on Tuesday.

“Taking into account deflationary risks, which are being formed as a result of the low inflation that remains in the short term, the fallen inflation outlooks as well as low demand, the central bank’s board finds it reasonable to continue mitigating monetary conditions to have deflationary environment neutralized by the end of this year and the 12-month inflation returned to the projected rate,” the reports says.

At its session, the regulator’s board decided to cut the key rate by 0.5 percentage points to 6.75%.

This is the sixth cut of the refinancing rate made by the regulator this year. In February, the rate was reduced from 8.75% to 8.5%, in March – to 8.25%, in May – to 7.75%, in June –to 7.5% and in August – to 7. 25%.

According to the National Statistical Service, consumer prices in Armenia have been going down since February.

They shed 1.4% in February, 0.3% in March and April, 2.1% in May, 1.1% in June, 1.3% in July and 0.5% in August.

In the government budget for 2016, inflation rate is projected at 4% (±1.5%) and GDP growth at 2.2%. -0—

spot_img

POPULAR

“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.

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.

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

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

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.

Investments without myths: CEO of Cube Invest on opportunities, risks and development prospects of Armenian capital market

Investments in the modern world are not only an opportunity to increase capital but also a powerful tool for economic development.

LATEST NEWS

spot_imgspot_imgspot_img