Sat, 28 February
0.1 C
Yerevan
USD: 377.00 RUB: 4.88 EUR: 444.78 GEL: 140.99 GBP: 507.97

Inflation in Armenia will not approach 4% in the first quarter – head of Central Bank

YEREVAN, March 12. /ARKA/. Inflation in Armenia will be far from the projected target in the first quarter of 2024, Central Bank Chairman Martin Galstyan said.

“Calculations show that we are still far from getting close to the 4% target,” he said at a press conference on Tuesday.

The government’s inflation forecast for 2024 is 4% (±1.5%). According to the National Statistics Committee, the consumer price index fell by 1.7% year-on-year in February this year and by 0.7% against January 2024. -0-

spot_img

POPULAR

S&P assesses risks to Armenia’s financial stability as contained

International rating agency S&P Global Ratings assesses risks to Armenia's financial stability as contained.

Capital of credit institutions in Armenia increased by 10.8% in 2025, exceeding 453.8 billion drams

The total capital of Armenia's credit institutions at the end of 2025 amounted to 453.9 billion drams, an increase of 10.84% ​​compared to 2024, according to the consolidated financial report of the country's credit institutions.

“Globbing” LLC’s bonds worth 1.5 billion drams and $2 million have been listed on Armenia Securities Exchange (AMX)

The Armenian Securities Exchange (AMX) today welcomed the entry of one of the leading online shopping companies, Globbing LLC (Global Shipping LLC), to the capital markets.

S&P Global Ratings Improves Armenia’s Rating Outlook to Positive

On February 20, S&P Global Ratings revised its outlook on Armenia from stable to positive, affirming its long-term and short-term foreign and local currency sovereign credit ratings at 'BB-/B'.

Acba Bank places 10 billion dram-denominated bonds

Acba Bank has begun placing coupon-bearing book-entry bonds through a public offering for a total of 10,000,000,000 (ten billion) drams, the bank's press service reported.

LATEST NEWS

spot_imgspot_imgspot_img