Mon, 28 July
30.1 C
Yerevan
USD: 383.94 RUB: 4.85 EUR: 450.25 GEL: 141.78 GBP: 516.63

Central bank of Armenia leaves refinancing rate at 6 percent

YEREVAN, March 27. /ARKA/. Armenia’s Central Bank Board decided at a meeting today to keep the refinancing rate unchanged at 6%. The bank said in 2018 February 0.5% deflation was reported against 0.9% deflation in the same month of 2017. As a result the 12-month inflation at the end of 2018 February was 3.3%.

According to the Central Bank, under the impact of internal and external economic developments, the inflation rate in the coming months will remain with the permissible range of fluctuations.

The bank said also that amid the positive global economic and inflation trends in some commodity markets, it expects external demand to expand along with weak inflationary pressure.
The regulator believes that in the first quarter of 2018, economic activity slightly exceeded expectations due to high growth reported by industry, construction and services. It said domestic demand reported a higher than expected expectations, facilitated by the expansionary monetary policy and the growing lending to the economy.

It said at the same time that the additional inflation expectations that existed since the beginning of the year have significantly softened and, on the whole, have stabilized. All this in view, the Central Bank decided to leave the current monetary and credit conditions unchanged.

In March 2017, the Central Bank suspended the easing of monetary policy, setting the refinancing rate at 6%. -0-

spot_img

POPULAR

Fitch expects inflation in Armenia to remain within the target level until 2027

International rating agency Fitch expects inflation in Armenia to remain within the target level until 2027, although soft fiscal policy and the projected moderate weakening of the dram create certain risks.

Fitch forecasts Armenia to tighten fiscal policy after 2027

Fitch Ratings analysts forecast a tightening of fiscal policy by the republic's authorities in a new report on Armenia.

A scheme for stealing funds through fake investment platforms  exposed in Yerevan

A criminal group operating in one of the capital's business centers and stealing citizens' money through Internet calls has been exposed in Armenia, the Investigative Committee of Armenia reports.

 Law on Cryptoassets enters into force in Armenia

The Law on Cryptoassets entered into force on July 4, 2025, the press service of the Central Bank of Armenia reports.

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.

LATEST NEWS

spot_imgspot_imgspot_img