{"id":107611,"date":"2017-05-16T15:06:13","date_gmt":"2017-05-16T15:06:13","guid":{"rendered":"https:\/\/armbanks.am\/2017\/05\/16\/246296\/"},"modified":"2024-12-15T13:29:22","modified_gmt":"2024-12-15T13:29:22","slug":"armenian-central-bank-says-inflation-will-continue-to-recover-to-stabilize-around-projected-target","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2017\/05\/16\/107611\/","title":{"rendered":"Armenian central bank says inflation will continue to recover to stabilize around projected target"},"content":{"rendered":"<p><strong>YEREVAN, May 16. \/ARKA\/.<\/strong> Armenia\u2019s Central Bank decided at a meeting today to keep the refinancing rate unchanged at 6%, the regulator&#8217;s press service reported. The regulator said the 1.0% inflation recorded in 2017 April (against the 0.3% deflation a year ago) was driven by higher prices for agricultural products. As a result the 12-month inflation was 1.2%, exceeding its forecast.<\/p>\n<p>The Central Bank said also it believes that inflation will continue to recover in the coming months to stabilize around the projected target.<\/p>\n<p>\u2018Although growth prospects of the world economy are improving, and inflationary developments persist on international commodity markets, the central bank, nevertheless, expects only a moderate inflationary impact in the coming months from the external segment,\u2019 it said.<\/p>\n<p>The regulator explained the fairly high growth of economic activity in the first quarter of this year by high growth in industry, services and trade.<\/p>\n<p>At the same time, the stimulating monetary and credit policy implemented in recent years continues to contribute to the restoration of domestic demand. Estimating that the inflation risks at the moment are balanced, the central bank considered it expedient to leave the monetary and credit conditions unchanged.<\/p>\n<p>In an interview with Reuters in March, Armenia&#8217;s Central Bank chairman Artur Javadyan signalled a halt to the easing cycle, saying the bank would now be more cautious in deciding whether to cut rates because of potential economic and financial risks. In 2016 alone the rate was lowered 8 times. -0-<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Armenia\u2019s Central Bank decided at a meeting today to keep the refinancing rate unchanged at 6%, the regulator&#8217;s press service reported<\/p>\n","protected":false},"author":1,"featured_media":157156,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[9214,9216],"tags":[15837,15865,12669,310],"class_list":["post-107611","post","type-post","status-publish","format-standard","has-post-thumbnail","category-banks-en-en","category-news","tag-armenia-2","tag-central-bank-2","tag-refinancing-rate","tag-310"],"acf":[],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 4.9.9 - aioseo.com -->\n\t<meta name=\"description\" content=\"Armenia\u2019s Central Bank decided at a meeting today to keep the refinancing rate unchanged at 6%, the regulator&#039;s press service reported\" \/>\n\t<meta name=\"robots\" content=\"max-image-preview:large\" \/>\n\t<meta name=\"author\" content=\"admin\"\/>\n\t<meta name=\"google-site-verification\" content=\"l8sdBd3STQ6A37MF5AO_21FEwNPHg9tRpooOo3Wx_eQ\" \/>\n\t<meta name=\"keywords\" content=\"armenia,central bank,refinancing rate,\u0446\u0431\" \/>\n\t<link rel=\"canonical\" href=\"https:\/\/armbanks.am\/en\/2017\/05\/16\/107611\/\" \/>\n\t<meta name=\"generator\" content=\"All in One SEO (AIOSEO) 4.9.9\" \/>\n\t\t<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n\t\t<meta name=\"twitter:title\" content=\"Armenian central bank says inflation will continue to recover to stabilize around projected target - 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