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

Armenian central bank leaves refinancing rate unchanged at 5.5 percent

YEREVAN, December 10. /ARKA/. Armenia’s Central Bank decided today to leave the refinancing rate unchanged at 5.5%.

The press service of the regulator said the inflation in November 2019 was 1.1%, up from 1% inflation reported for the same period last year. As a result, the 12-month inflation in 2019 November was 1%.

The Central Bank said also given the low rates of global economy growth and weak global demand along with low inflationary environment in international commodity markets it does not expect a significant impact on the inflation from the external sector.

According to it, the economic activity in the third quarter exceeded the forecasted level, which will continue into the fourth quarter, to be driven largely by services.

It said the domestic demand remains high because of increased private consumption, promoted by a stimulating monetary position.

The regulator said despite the fact that since the beginning of the year the impact of fiscal policy on gross demand is estimated as deterrent, nevertheless in the fourth quarter and next year the impact of fiscal policy is expected to be stimulating. -0-

spot_img

POPULAR

Russian president gives Yerevan-based Balchug Capital permission to buy Gazprom, Inter RAO, and LUKOIL shares from Goldman Sachs

Goldman Sachs International will be able to sell minority stakes in a number of Russian blue chips to Balchug Capital CJSC, the same company that received permission from Russian authorities to buy the local banking unit of the American financial group.

Draft law on crypto assets to be submitted to Armenian parliament in coming weeks – Deputy Chairman of Central Bank

The draft law on crypto assets, developed by the Central Bank of Armenia in the context of European norms, will be submitted to the Armenian parliament in the coming weeks, said Deputy Chairman of the Central Bank Armen Nurbekyan.

Armenia discusses bankruptcy reforms with ADB and AFD

Reforms of Armenian legislation in the field of bankruptcy were discussed at a meeting between Deputy Minister of Justice of Armenia Tigran Dadunts and representatives of the Asian Development Bank (ADB) and the French Development Agency (AFD).

US dollar, euro and ruble up against dram

The average market exchange rate of the U.S. dollar to the Armenian dram at the end of March 14, 2025, amounted to 392.34 drams, up 0.6 points compared to March 14.

Arka news agency presents ranking of banks by size of net profit in 9 months

ARKA news agency has released a recurrent ranking of Armenia-based commercial banks by size of net profits they earned in the first 9 months of 2018

LATEST NEWS

spot_imgspot_imgspot_img