{"id":63328,"date":"2013-10-07T14:03:29","date_gmt":"2013-10-07T14:03:29","guid":{"rendered":"https:\/\/armbanks.am\/2013\/10\/07\/239495\/"},"modified":"2024-12-15T13:07:25","modified_gmt":"2024-12-15T13:07:25","slug":"armenias-central-bank-expects-inflation-to-drop-to-projected-target","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2013\/10\/07\/63328\/","title":{"rendered":"Armenia\u2019s Central Bank expects inflation to drop to projected target"},"content":{"rendered":"<p><strong>YEREVAN, October 7. \/ ARKA \/.<\/strong> Following a September 24 Board meeting Armenia\u2019s Central Bank said it expects a short-term inflation to gradually reduce to the target level and remain within that band in the forecast horizon.<\/p>\n<p>The Central Bank said the August inflation in 2013 was 0.3 % against 0.4 % deflation in the same period of the previous year. This resulted in a 12-month 9.3 percent inflation in September.<\/p>\n<p>The Central Bank blamed the August inflation on a 2.6 % growth in prices for services, including a 6% increase in utility rates due to an increase in the prices of natural gas and electricity. In August, the natural inflation was 0.1% resulting in a 12 -month 5.7% inflation.<\/p>\n<p>The Central Bank expressed confidence that the September inflation rate will be lower than the current interest rate. Board members agreed that in the next few months the 12-month inflation will be falling to approach the projected figure.<\/p>\n<p>&#8220;Given the weakening economic activity, external and domestic inflationary pressures and expectations of positive interest rates as a result of expected decline in inflation in the coming months, the Board considers that the available monetary conditions will balance the risks of inflationary expansion and a reduction in economic activity,&#8221; the bank said in a statement.<\/p>\n<p>It said if the decline in inflation and low domestic demand continue the Bank will respond accordingly by easing monetary conditions. The Central bank\u2019s projected inflation for 2013 is at 4 % (\u00b1 1.5%). -0-<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Following a September 24 Board meeting Armenia\u2019s Central Bank said it expects a short-term inflation to gradually reduce to the target level and remain within that band in the forecast horizon<\/p>\n","protected":false},"author":1,"featured_media":157087,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[12139,9216],"tags":[15837,12361,12225,2007],"class_list":{"0":"post-63328","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy-en","8":"category-news","9":"tag-armenia-2","10":"tag-cba","11":"tag-inflation","12":"tag-2007"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/63328","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=63328"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/63328\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media\/157087"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=63328"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=63328"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=63328"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}