{"id":251625,"date":"2024-07-30T12:53:45","date_gmt":"2024-07-30T12:53:45","guid":{"rendered":"https:\/\/armbanks.am\/2024\/07\/30\/251625\/"},"modified":"2024-07-30T12:53:45","modified_gmt":"2024-07-30T12:53:45","slug":"low-refinancing-rate-needed-to-achieve-4-per-cent-inflation-target-and-price-stability-central-bank-of-armenia","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2024\/07\/30\/251625\/","title":{"rendered":"Low refinancing rate needed to achieve 4 per cent inflation target and price stability &#8211; Central Bank of Armenia"},"content":{"rendered":"\n<p><strong>YEREVAN, 30 July. \/ARKA\/.<\/strong> The decision of the Central Bank of Armenia to reduce the refinancing rate by another 0.25 percentage point to 7.75 per cent is due to a number of factors, including low inflation, the regulator&#8217;s Chairman Martin Galstyan said today.<\/p>\n\n\n\n<p>&#8216;In the second quarter of 2024, 12-month inflation continued to remain below target at 0.8 per cent in June. Overall, 12-month inflation remained unchanged at 0 per cent in June,\u2019 Galstyan told a press conference. &nbsp;<\/p>\n\n\n\n<p>He noted that international risks to economic development remain and the price level remains high despite the slowdown in inflation. &nbsp;<\/p>\n\n\n\n<p>Galstyan noted that economic activity remained high in Armenia in the second quarter of 2024, which was largely ensured by the significant growth of construction, trade and industrial sectors.<\/p>\n\n\n\n<p>At the same time, he pointed out that activity was still affected by some short-term factors containing significant uncertainty about the sustainability of economic growth. &nbsp;<\/p>\n\n\n\n<p>He noted that the Central Bank decided to continue cutting the rate at a slow pace in order to minimise possible risks and achieve the inflation target.<\/p>\n\n\n\n<p>According to the National Statistical Committee, Armenia&#8217;s economic activity grew by 10.4 per cent in January-June 2024 compared to the same period in 2023.<\/p>\n\n\n\n<p>Growth in the first 6 months of the current year was recorded in &nbsp;industrial production, agriculture, construction, trade, services, electricity generation..-0-<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The decision of the Central Bank of Armenia to reduce the refinancing rate by another 0.25 percentage point to 7.75 per cent is due to a number of factors, including low inflation, the regulator&#8217;s Chairman Martin Galstyan said today.<\/p>\n","protected":false},"author":1,"featured_media":207216,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[9214,9216],"tags":[],"class_list":{"0":"post-251625","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-banks-en-en","8":"category-news"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/251625","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=251625"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/251625\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media\/207216"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=251625"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=251625"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=251625"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}