Sat, 13 September
22.1 C
Yerevan
USD: 383.47 RUB: 4.56 EUR: 449.96 GEL: 142.03 GBP: 519.91

IMF: Inflation in Armenia to stay below central bank target short-term

YEREVAN, December 18. /ARKA/. Inflation is expected to remain below the Central Bank of Armenia’s target in the short term and gradually approach the target in the medium term, according to the IMF report.

As noted by IMF Deputy Managing Director and Acting Chairman Bo Li, the stance of monetary policy is appropriate, and future decisions on the policy rate should continue to be guided by the inflation outlook and inflation expectations, given the uncertain prospects.

“The growing credibility of the Central Bank of Armenia since the adoption of inflation targeting in 2006, the strengthening of its operational independence, and the modernization of the monetary policy framework provide an opportunity to lower the inflation target within a well-coordinated and clearly communicated strategy. The flexible exchange rate has served Armenia well, absorbing external shocks while building reserve buffers,” he said.

In the state budget of Armenia for 2024, inflation is projected at 4% (±1.5%), and for 2025, it is set at 3% (+1%). In November, the 12-month inflation rate was 1.4%. According to the Central Bank’s monetary policy report for the fourth quarter of this year, inflation in Armenia is expected to range from 2.1% to 1.6% by the end of 2024. The forecast for 2025 is 3.9% to 3.2%, for 2026 – 4.2% to 3.8%, and for 2027 – 4%.

The World Bank expects inflation in Armenia to be 3% in 2024, 3.5% in 2025, and 4% in 2026. The IMF predicts that prices in Armenia will rise by 3.1% in 2024 and by 3.7% in 2025. According to ADB forecasts, inflation in Armenia will be 0.8% in 2024 and will accelerate to 2.5% in 2025. The EDB expects inflation in Armenia to be 1.8% by the end of this year and 3.1% by the end of 2025.

spot_img

POPULAR

3.6% inflation registered in Armenia in August

n the consumer market of Armenia, 12-month inflation in August of this year amounted to 3.6%, according to the report of the National Statistical Committee (NSC) of Armenia.

Ranking of Armenia’s most profitable banks in 2024

ARKA news agency has released a ranking of the most profitable commercial banks in Armenia in 2024.

Central Bank of Armenia initiates discussions on draft by-laws related to Law on Cryptoassets

The Central Bank of Armenia is set to conduct a public discussion on  the draft by-laws essential for implementing the Law on Cryptoassets, which became effective on July 4 of this year, as reported by the regulator's press service.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Market capitalization in August increased by 41.4% year-on-year to 460 billion drams – Armenia Stock Exchange

Armenia Stock Exchange (AMX) has summarized the trading activity for August 2025. The month showed a dynamic trading environment, highlighting growing investor confidence and market activity.

LATEST NEWS

spot_imgspot_imgspot_img