{"id":251321,"date":"2024-01-29T11:42:13","date_gmt":"2024-01-29T11:42:13","guid":{"rendered":"https:\/\/armbanks.am\/2024\/01\/29\/251321\/"},"modified":"2024-01-29T11:42:13","modified_gmt":"2024-01-29T11:42:13","slug":"fitch-expects-inflation-in-armenia-to-rise-to-3-9-on-average-in-2024-2025","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2024\/01\/29\/251321\/","title":{"rendered":"\u00a0Fitch expects inflation in Armenia to rise to 3.9% on average in 2024-2025"},"content":{"rendered":"\n<p><strong>YEREVAN, January 29. \/ARKA\/.<\/strong> Price growth fell into deflationary territory in Armenia in 2023 (December: -0.6%), as the effects of a strong dram, lower international food prices, and the lagged impact of a tight monetary policy were felt. Fitch&#8217;s expectation of a weaker dram will result in higher inflation in 2024-25, averaging 3.9% (target: 4%), Fitch\u00a0Ratings said in a report.<\/p>\n\n\n\n<p>It recalls that the central bank cut rates by a cumulative 150bp to 9.25% in 2023. High dollarization levels impede monetary policy transmission to some extent.<\/p>\n\n\n\n<p>In December last year, the Central Bank of Armenia predicted that by the end of the year the country would have zero inflation.<\/p>\n\n\n\n<p>The IMF expects inflation in Armenia to return to and stabilize around the Central Bank&#8217;s 4% target by mid-2024. -0-<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Price growth fell into deflationary territory in Armenia in 2023 (December: -0.6%), as the effects of a strong dram, lower international food prices, and the lagged impact of a tight monetary policy were felt. Fitch&#8217;s expectation of a weaker dram will result in higher inflation in 2024-25, averaging 3.9% (target: 4%), Fitch\u00a0Ratings said in a report<\/p>\n","protected":false},"author":1,"featured_media":201517,"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-251321","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\/251321","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=251321"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/251321\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media\/201517"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=251321"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=251321"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=251321"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}