{"id":120899,"date":"2019-04-30T14:00:37","date_gmt":"2019-04-30T14:00:37","guid":{"rendered":"https:\/\/armbanks.am\/2019\/04\/30\/248476\/"},"modified":"2024-12-15T13:37:33","modified_gmt":"2024-12-15T13:37:33","slug":"armenias-central-bank-leaves-refinancing-rate-unchanged-at-5-75-percent","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2019\/04\/30\/120899\/","title":{"rendered":"Armenia\u2019s central bank leaves refinancing rate unchanged at 5.75 percent"},"content":{"rendered":"\n<p><strong>YEREVAN, April 30. \/ ARKA \/. <\/strong>Armenia\u2019s Central Bank decided today to leave the refinancing rate at 5.75%, saying also that the inflation in March 2019 was 0.1%, as much as in March 2018. As a result, the 12-month inflation rate remained unchanged at 1.9%. The natural inflation in March 2019 was 0.2%. The 12-month natural inflation was 1.3%, it said.<\/p>\n\n\n\n<p>According to the regulator, the slow growth of the global economy is in line with the Central Bank\u2019s forecasts, manifested also in a weakening of global demand and the persistence of the low inflationary environment in the international markets of major commodities.<\/p>\n\n\n\n<p>According to the Central Bank, the economic activity in January-March this year was higher than expected, amounting to 6.5%, driven largely by growing private consumption.<\/p>\n\n\n\n<p>The Central Bank said also the fiscal policy in the first 4 months of 2019 had a more restrictive than expected effect on domestic demand because of a deficit that was significantly lower than expected. <br>\nHowever, it is assumed that by the end of the year, the fiscal policy will have largely a neutral impact on inflation, since it is expected that the restraining effect on domestic demand in the second half of the year will be offset.<\/p>\n\n\n\n<p>This in view, the Central Bank decided to maintain the stimulating level of monetary conditions, leaving the refinancing rate unchanged.<\/p>\n\n\n\n<p>In the context of projected macroeconomic developments, there will be a need to maintain long-term stimulating conditions to achieve the mid-term inflation target. As a result, it is expected that inflation in the coming months will remain below the target indicator, further stabilizing around it.<\/p>\n\n\n\n<p>On January 29, 2019, the Central Bank of Armenia, for the first time in almost two years, lowered the refinancing rate by 0.25 percentage points to 5.75%. -0-<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\ufeffArmenia\u2019s Central Bank decided today to leave the refinancing rate at 5.75%, saying also that the inflation in March 2019 was 0.1%, as much as in March 2018<\/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":[12139,9216],"tags":[15837,15865,12669,334],"class_list":{"0":"post-120899","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy-en","8":"category-news","9":"tag-armenia-2","10":"tag-central-bank-2","11":"tag-refinancing-rate","12":"tag-334"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/120899","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/comments?post=120899"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/120899\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media\/157156"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=120899"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=120899"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=120899"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}