{"id":55440,"date":"2013-06-03T12:38:28","date_gmt":"2013-06-03T12:38:28","guid":{"rendered":"https:\/\/armbanks.am\/2013\/06\/03\/238573\/"},"modified":"2024-12-15T13:05:04","modified_gmt":"2024-12-15T13:05:04","slug":"revision-of-central-banks-key-refinancing-rate-will-depend-on-inflationary-pressures-in-economy-cb-official-says","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2013\/06\/03\/55440\/","title":{"rendered":"Revision of Central Bank\u2019s key refinancing rate will depend on inflationary pressures in economy: CB official says"},"content":{"rendered":"<p><strong>YEREVAN, June 3. \/ ARKA \/.<\/strong> The revision of the Central Bank\u2019s key refinancing rate will depend on how inflationary pressures in the economy will manifest, Andranik Grigoryan, head of a Central Bank division in charge of financial system development and stability, said today.<\/p>\n<p>&#8220;The Central Bank uses different models to estimate the weighted and neutral rates and based on it sets the key refinancing rate. Depending on various factors, such as\u00a0 anticipated inflation rate,\u00a0 inflationary pressures and other indicators the Central Bank may review the refinancing rate either\u00a0\u00a0 downward or\u00a0 upward,\u2019 he said.<\/p>\n<p>Grigoryan declined to say whether the Central Bank intends to revise its key rate in the near future.<br \/>\nOn May 14 the Central Bank decided to keep its refinancing rate unchanged at 8%. In the first four months of 2013 the inflation rose by 3.2% year-on-year, while the economic activity index was said to have grown by 7.4%. The government\u2019s inflation projection for this year is 4% (\u00b1 1.5%) and the\u00a0 GDP growth\u00a0 projection is\u00a0 6.2%. -0-<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The revision of the Central Bank\u2019s key refinancing rate will depend on how inflationary pressures in the economy will manifest, Andranik Grigoryan, head of a Central Bank division in charge of financial system development and stability, said today<\/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":[9214,9216],"tags":[15837,12150,12669,310],"class_list":["post-55440","post","type-post","status-publish","format-standard","category-banks-en-en","category-news","tag-armenia-2","tag-cb","tag-refinancing-rate","tag-310"],"acf":[],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 4.9.8 - aioseo.com -->\n\t<meta name=\"description\" content=\"The revision of the Central Bank\u2019s key refinancing rate will depend on how inflationary pressures in the economy will manifest, Andranik Grigoryan, head of a Central Bank division in charge of financial system development and stability, said today\" \/>\n\t<meta name=\"robots\" content=\"max-image-preview:large\" \/>\n\t<meta name=\"author\" content=\"admin\"\/>\n\t<meta name=\"google-site-verification\" content=\"l8sdBd3STQ6A37MF5AO_21FEwNPHg9tRpooOo3Wx_eQ\" \/>\n\t<meta name=\"keywords\" content=\"armenia,cb,refinancing rate,\u0446\u0431\" \/>\n\t<link rel=\"canonical\" href=\"https:\/\/armbanks.am\/en\/2013\/06\/03\/55440\/\" \/>\n\t<meta name=\"generator\" content=\"All in One SEO (AIOSEO) 4.9.8\" \/>\n\t\t<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n\t\t<meta name=\"twitter:title\" content=\"Revision of Central Bank\u2019s key refinancing rate will depend on inflationary pressures in economy: CB official says - 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