{"id":250738,"date":"2023-02-01T09:38:18","date_gmt":"2023-02-01T09:38:18","guid":{"rendered":"https:\/\/armbanks.am\/2023\/02\/01\/250738\/"},"modified":"2023-02-01T09:38:18","modified_gmt":"2023-02-01T09:38:18","slug":"central-bank-of-armenia-expects-inflation-to-stabilize-at-target-4-in-second-half-of-2023","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2023\/02\/01\/250738\/","title":{"rendered":"Central Bank of Armenia expects inflation to stabilize at target 4% in second half of 2023"},"content":{"rendered":"\n

YEREVAN, February 1. \/ARKA\/.<\/strong> The Central Bank of Armenia expects inflation to stabilize at the level of projected 4% in the second half of 2023, Chairman of the Central Bank Martin Galstyan said at a press conference on Tuesday.<\/p>\n\n\n\n

He said the overall inflationary background was gradually weakening thanks to the regulator’s restraining monetary policy, dram revaluation and weakening of external inflation factors.<\/p>\n\n\n\n

He noted that high demand is still observed in the labor market that contributes to the growth of wages and prices of certain types of goods and products.<\/p>\n\n\n\n

On Tuesday, the Central Bank decided to leave the refinancing rate at 10.75%. Galstyan said Central Bank will be consistent in ensuring price stability and neutralizing any risks associated with inflationary expectations with commensurate actions.<\/p>\n\n\n\n

Galstyan said the Central Bank believes that risks of deviations from the above-mentioned trajectory are balanced. In case of risks, the regulator’s board will react accordingly and ensure stability of prices.<\/p>\n\n\n\n

Galstyan also noted that the inflationary pressure is restrained by the market. This is partly due to the exchange rate as well as the behavior of the FAO index.<\/p>\n\n\n\n

“For example, cooking oil prices, which peaked last February, are now at a lower level and, naturally, we see that food prices in Armenia are also declining from their peaks,” he said.<\/p>\n\n\n\n

The Chairman of the Central Bank said that the balanced monetary policy allowed achieving an inflation rate of 8.3% in 2022, “which is higher than our goal, but nevertheless much better than in many countries of the world.’ -0-<\/p>\n","protected":false},"excerpt":{"rendered":"

The Central Bank of Armenia expects inflation to stabilize at the level of projected 4% in the second half of 2023, Chairman of the Central Bank Martin Galstyan said at a press conference on Tuesday<\/p>\n","protected":false},"author":1,"featured_media":193383,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[12139,9216],"tags":[],"class_list":{"0":"post-250738","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy-en","8":"category-news"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/250738","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=250738"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/250738\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media\/193383"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=250738"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=250738"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=250738"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}