YEREVAN, March 16. \/ARKA\/.\u00a0 The Central Bank of Armenia said Friday in the existing course of economic development it won\u2019t change the current refinancing rate at 8 %. This will have a neutral impact on inflationary\u00a0 environment, the Bank\u2019s press service reported ARKA.
\nIn the context of inner and outer development Armenia\u2019s economy is evolving\u00a0 in accordance with the forecasted trends\u00a0 in the monetary and loan policy programs, despite some possible risks\u2019 appearance, according to the press release. Thus, CB says the 12-month inflation rate, that lost 1.8 p.p. reaching 3% in February from January,\u00a0 is quite\u00a0 likely to be within the projected appropriate\u00a0 4% (\u00b1 1.5%) corridor.
\nThe CB Council also said the development of Armenian economy, particularly\u00a0 fiscal\u00a0 policy, private spending and labor market, continues to have a neutral influence on inflationary\u00a0 environment. The prices on raw commodity and food product markets formed a weak inflationary environment due to positive expectations coming from economic activity\u2019s tendencies as well as economic growth perspectives in the world leading countries, the Council said.
\nMoreover, while maintaining its geopolitical situation\u00a0 the Far East reported increase in oil prices that was gauged as a risk in the Central Bank\u2019s monetary and loan policy for the first quarter of 2012. However, the Council does not assess this issue as affecting\u00a0 inflationary environment\u00a0 in the coming months. CB also reported on the tendencies of financial market development in February. The results show that an average interest rate on government\u00a0 bonds with one-year maturity period slumped 1.7 p.p. to 8.9%, interest rates on repo deals also dropped by 0.5 p.p. to 10.9% and those on inter-banking repo deals -by 0.3 p. p. to 10.7 %.
\nThe Council of Armenia\u2019s Central Bank decided to leave refinancing rate at 8% unchanged, lombard repo rate at 11 %, and the rate on commercial banks\u2019 deposits with\u00a0 the Central Bank- 5 %. Last time the Central Bank downgraded refinancing rate by 0.5 p. p. to 8 % on September 6, 2011. \u20140–<\/p>\n","protected":false},"excerpt":{"rendered":"
The Central Bank of Armenia said Friday in the existing course<\/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":[9214,12139,9216],"tags":[15837,15865,12172,315],"class_list":{"0":"post-34785","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-banks-en-en","7":"category-economy-en","8":"category-news","9":"tag-armenia-2","10":"tag-central-bank-2","11":"tag-economy-en","12":"tag-315"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/34785","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=34785"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/34785\/revisions"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=34785"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=34785"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=34785"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}