{"id":250821,"date":"2023-03-20T13:00:40","date_gmt":"2023-03-20T13:00:40","guid":{"rendered":"https:\/\/armbanks.am\/2023\/03\/20\/250821\/"},"modified":"2023-03-20T13:00:40","modified_gmt":"2023-03-20T13:00:40","slug":"high-consumer-demand-in-armenia-indicates-that-inflation-risks-will-persist-according-to-eurasian-development-bank","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2023\/03\/20\/250821\/","title":{"rendered":"High consumer demand in Armenia indicates that inflation risks will persist, according to Eurasian Development Bank"},"content":{"rendered":"\n<p><strong>YEREVAN, March 20. \/ARKA\/.<\/strong> High consumer demand in Armenia indicates that inflation risks will persist, according to the Eurasian Development Bank (EDB) analysts.<\/p>\n\n\n\n<p>&#8220;On March 14 the Central Bank of the Republic of Armenia decided to keep the refinancing rate unchanged at 10.75%. The regulator noted the weakening of external price pressure on the Armenian economy, strengthening of the dram and tightening of monetary policy among disinflationary factors. At the same time, a high level of consumer demand indicates that inflation risks persist,&#8217; the EDB said.<\/p>\n\n\n\n<p>&#8216;In January and February, Armenia&#8217;s consumer price index growth remained at 8.1% y\/y, while core inflation slowed to 8.4% y\/y in February from 9.1% y\/y a month earlier,&#8217; the EDB said in its weekly macro review.<\/p>\n\n\n\n<p>The head of the Central Bank of Armenia Martin Galstyan stated earlier in March that the 12-month inflation, according to the monetary policy scenario, will gradually slow down and stabilize around the target rate of 4% from the second half of 2023.<\/p>\n\n\n\n<p>The regulator last changed the refinancing rate on December 13, raising it&nbsp;by 0.25 percentage points to 10.75%.<\/p>\n\n\n\n<p>Armenian government&#8217;s growth projection for 2023 is 7%, and the inflation is set at 4% (\u00b11.5%). -0-<\/p>\n","protected":false},"excerpt":{"rendered":"<p>High consumer demand in Armenia indicates that inflation risks will persist, according to the Eurasian Development Bank (EDB) analysts<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[12139,9216],"tags":[15497,956],"class_list":{"0":"post-250821","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-economy-en","7":"category-news","8":"tag-15497","9":"tag-956"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/250821","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=250821"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/250821\/revisions"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=250821"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=250821"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=250821"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}