Statement of financial position as at 30 June 2017
2017-06-30 10:46
Statement of financial position as at 30 June...
The Board of the CBA left the refinancing rate unchanged 6.0 percent
2017-06-27 07:45
The Board of the CBA left the refinancing rate unchanged 6.0%
On the June 27, 2017 meeting the Board of the Central Bank of Armenia decided to leave the refinancing rate unchanged, at the 6.0% level.
There was 0.2% deflation in May of 2017 compared with that of 0.7% recorded in the same month of the previous year, under which circumstance the 12‐month inflation rate continued expanding amounting to 1.6% at the end of the month. Taking into account current inflation developments, the Board...
Financial System of Armenia. Development, Regulation, Supervision 2016
2017-06-15 10:26
Introduction
Development trends in Armenia’s financial system were stable in 2016: the key balance sheet indicators grew considerably, and the indicators of financial stability improved. The asset-to-GDP ratio, an indicator of financial intermediation, grew by 12.3 percentage points to 89.1%, while the loan-to-GDP ratio increased by 6.6 percentage points to 50.0%.
In an environment of low inflation, the Central Bank gradually lowered the refinancing rate by a total of 2.5% over the...
Statistical overview (April. 2017)
2017-06-07 11:42
Statistical overview
The Statistical Overview section of the monthly CBA Bulletin of the Central Bank of Armenia includes data on monetary, external, fiscal and real sectors, and data on RA payment and settlement system and financial system indicators.
The data source of real sector (excluding core inflation) and external trade in goods is the Statistical Committee of the Republic of Armenia (http://www.armstat.am). The data source on fiscal, external sectors, monetary and financial...
Inflation report 2017/2 (Monetary Policy Program Q2, 2017. Status report on implementation of the Monetary Policy Program Q1, 2017)
2017-05-26 18:33
Executive summary
The economic activity in the first quarter of 2017 has been strong enough compared with the forecasts, primarily due to higher output in industry and services sectors. Consequently, the Central Bank of the Republic of Armenia (“the Central Bank”) has revised the 2017 economic growth forecast upside. In the forecast horizon the economic growth will accelerate, gradually approaching the long-term equilibrium. In the first quarter of 2017 the deflationary environment...
The Board of the CBA left the refinancing rate unchanged 6.0 percent
2017-05-16 07:41
The Board of the CBA left the refinancing rate unchanged 6.0%
On a May 16, 2017 meeting, the Board of the Central Bank of Armenia decided to leave the refinancing rate unchanged, at the 6.0% level.
There was 1.0% inflation in April of 2017 compared with 0.3% deflation recorded in the same month of the previous year, which has been mainly attributable to higher levels of prices of agricultural products. In this circumstance, the 12‐month inflation rate has expanded and entered a positive...
Financial Stability Report (2016 annual report)
2017-05-12 13:03
This Financial Stability Report presents an assessment of potential risks that could threaten the stability of financial system of the Republic of Armenia as well as the capacity of the financial system to absorb such risks. More detailed information on Armenia's macroeconomic environment and financial system analyses is available in the Central Bank's periodicals, such as Annual Report of the Central Bank, Status Report on Monetary Policy Implementation and Armenian Financial System:...
Statistical overview (March. 2017)
2017-05-12 11:40
Statistical overview
The Statistical Overview section of the monthly CBA Bulletin of the Central Bank of Armenia includes data on monetary, external, fiscal and real sectors, and data on RA payment and settlement system and financial system indicators.
The data source of real sector (excluding core inflation) and external trade in goods is the Statistical Committee of the Republic of Armenia (http://www.armstat.am). The data source on fiscal, external sectors, monetary and financial...
Annual report 2016
2017-04-14 19:45
Chairman's message
Dear reader,
This is the annual report of the Central Bank of the Republic of Armenia for 2016. It provides an overview of the activities carried out for fulfillment of the objectives of the Bank and the results achieved during the year. In the reporting year the price and financial stability in Armenia was further maintained. On the back of public confidence in the Bank the inflation expectations have fallen significantly, reflecting the decrease in long-term interest...
Statistical overview (February. 2017)
2017-04-11 11:38
Statistical overview
The Statistical Overview section of the monthly CBA Bulletin of the Central Bank of Armenia includes data on monetary, external, fiscal and real sectors, and data on RA payment and settlement system and financial system indicators.
The data source of real sector (excluding core inflation) and external trade in goods is the Statistical Committee of the Republic of Armenia (http://www.armstat.am). The data source on fiscal, external sectors, monetary and financial...
The Board of the CBA left the refinancing rate unchanged 6.0 percent
2017-03-28 07:36
The Board of the CBA left the refinancing rate unchanged 6.0%
On a March 28, 2017 meeting, the Board of the Central Bank of Armenia decided to leave the refinancing rate unchanged, at the 6.0% level.
Deflation in February of 2017 was 0.9% against that of 1.4% recorded in the same month of the previous year, in which case the 12‐month inflation rate amounted to ‐0.2%. The 12‐month inflation rate, as expected, will continue to recover and stabilize around the target in the forecast...
Statistical overview (January. 2017)
2017-03-09 11:06
Statistical overview
The Statistical Overview section of the monthly CBA Bulletin of the Central Bank of Armenia includes data on monetary, external, fiscal and real sectors, and data on RA payment and settlement system and financial system indicators.
The data source of real sector (excluding core inflation) and external trade in goods is the Statistical Committee of the Republic of Armenia (http://www.armstat.am). The data source on fiscal, external sectors, monetary and financial...
Inflation report 2017/1 (Monetary Policy Program Q1, 2017. Status report on implementation of the Monetary Policy Program, Q4, 2016)
2017-02-24 18:17
Executive summary
The monetary policy the Central Bank of the Republic of Armenia (hereinafter “the Central Bank”) carried out in 2016 was expansionary and aimed at softening the existing deflationary environment, in view of the macroeconomic situation and inflation developments at the time. The consistency by which the Central Bank attempted gradual easing of monetary conditions proved effective since inflation expectations had reduced significantly amid persistently low...
Collector coins of the Republic of Armenia-2016
2017-02-17 12:10
Dear ReaderThis journal "Collector Coins of the Republic of Armenia 2016" presents the collector coins issued by the Central Bank of Armenia in 2016. The coins are dedicated to the jubilee anniversaries of prominent Armenians and essential national and international events.Year 2016 marked the 25th anniversary of foundaton of the Third Republic of Armenia. The independence proclaimed on September 21, 1991 was national achievement, the greatest victory for the Armenian people, and the Central...
The Board of the CBA lowered the refinancing rate 0.25 percent
2017-02-14 07:32
The Board of the CBA lowered the refinancing rate 0.25%
On the February 14, 2017 meeting the Board of the Central Bank of Armenia decided to lower the refinancing rate by 0.25 percentage point to 6.0%.
Inflation in January 2017 was 2.6% against 2.2% recorded in the same month last year. The 12‐month deflation reduced, making up 0.6%.
Trends in the external sector generally persisted – the global economy continues to grow slowly, while international commodity markets further face some...