Fri, 24 October
21.1 C
Yerevan
USD: 383.05 RUB: 4.73 EUR: 444.80 GEL: 141.19 GBP: 510.03

Inflation in Armenia will slow down and stabilize around 4% in second half of 2023 – Central Bank

YEREVAN, March 15. /ARKA/. The 12-month inflation in Armenia, according to the monetary policy scenario, will gradually slow down and stabilize around the target 4% from the second half of 2023, Armenian Central Bank chairman Martin Galstyan said.

“The Central Bank Board will be consistent in ensuring inflation stabilization through proportionate actions and in neutralizing any risk of loosening inflation expectations,” he said at a news conference Tuesday.

The Central Bank decided today to leave the refinancing rate unchanged at 10.75%. The last time the regulator changed the refinancing rate was on December 13, when the benchmark rate was upped by 0.25 percentage points to 10.75%.

Armenian government’s growth projection for 2002 is 7%, while inflation is set at 4% (±1.5%). -0-

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

The UAE instead of Europe : why Armenia needs to change its approach to crypto regulation – EXCLUSIVE

The Armenian Forum on Cryptocurrency Assets, organized by the Cilicia Business Club, was recently conducted in Yerevan.

Net loan portfolio of Armenian banks in Q2 2025 increased by 6.11% to AMD 6.8 trillion

The combined loan portfolio of 17 Armenia-based commercial banks upped  by 6.11% in Q2 2025 compared to Q1 2025, amounting to AMD 6.82 trillion, according to a ranking compiled by  the ARKA news agency.

Armenia is experiencing an investment boom: opportunities, barriers and main misconceptions

Armenia's investment market is experiencing a period of active development: the number of issues is growing, digital technologies simplify access to financial instruments.

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.

LATEST NEWS

spot_imgspot_imgspot_img