YEREVAN, October 17. /ARКА/. Given significant uncertainty, the Central Bank of Armenia should continue to closely monitor economic trends and inflation expectations and be prepared to adjust the refinancing rate if necessary, the IMF said in a statement following the visit of the Fund mission, led by Alexander Timan, to Yerevan from September 17-30.
“The current monetary policy stance is consistent with subdued inflation pressures and anchored inflation expectations,” the statement noted.
The IMF noted that a flexible exchange rate remains the main shock absorber, and the authorities’ commitment to maintaining adequate international reserves is welcomed.
“The Central Bank of Armenia continues to closely monitor risks in the financial sector and enhance its supervisory tools and capabilities, including aspects related to cryptoassets,” the Fund noted.
The Central Bank of Armenia continuously lowered the refinancing rate from June 2023 to February 2025, gradually reducing it over this period from 10.75% to 6.75%. Since then, the regulator has not changed the rate.-0-
