{"id":128297,"date":"2020-04-16T15:17:31","date_gmt":"2020-04-16T15:17:31","guid":{"rendered":"https:\/\/armbanks.am\/2020\/04\/16\/249315\/"},"modified":"2024-12-15T13:41:09","modified_gmt":"2024-12-15T13:41:09","slug":"martin-galstyan-says-regulators-mandate-does-not-need-to-be-expanded","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2020\/04\/16\/128297\/","title":{"rendered":"Martin Galstyan says  regulator&#8217;s mandate does not need to be expanded"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>YEREVAN, April 16. \/ARKA\/. <\/strong>Martin Galstyan, a member of Armenia&#8217;s Central Bank Board, nominated by the ruling My Step parliamentary faction as a candidate to replace Artur Javadyan as chairman of the regulator, was asked during a parliament session today whether he believes that the regulator must be vested with broader authority.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cI believe that in the current situation the goals of the regulator are to ensure the stability of prices and the financial system. What it needs now is only effective coordination,\u201d he said.<br>\nAccording to Galstyan, it is a proven fact that creation of a stable macroeconomic situation by the Central Bank contributes to economic growth, as it creates an atmosphere of predictability, which is very important  for investors.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">According to the estimates of the Central Bank, the economic growth in 2020 will drop to 0.7%, which is significantly lower than previous forecasts, however, it will recover in 2021 to 7.2%.<br>\nThe government projected GDP growth for 2020 is 4.9%. The inflation projection is 4% (\u00b1 1.5%). \u20130&#8211;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Martin Galstyan, a member of Armenia&#8217;s Central Bank Board, nominated by the ruling My Step parliamentary faction as a candidate to replace Artur Javadyan as chairman of the regulator, was asked during a parliament session today whether he believes that the regulator must be vested with broader authority<\/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":[15128,14787,13740,13022],"class_list":["post-128297","post","type-post","status-publish","format-standard","has-post-thumbnail","category-banks-en-en","category-news","tag-mandate","tag-martin-galstyan","tag-regulator","tag-short-term-government-bonds"],"acf":[],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 4.9.8 - 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