Statistical overview (January. 2014)
2014-03-10 10:32
Statistical overview
The “CBA Bulletin” of the Central Bank of Armenia is a monthly periodicalthat presents Monetary Overview section which contains data on monetary, external, fiscal and real sectors, and data on payment and settlement system and financial system indicators.
The data source of real sector (excluding core inflation) and external trade is the National Statistical Service of Armenia (http://www.armstat.am). The data source on fiscal, external sectors (excluding...
Short Term Forecasting System of Private Demand Components in Armenia
2014-03-08 13:06
WP/14/3/08
Central Bank of Armenia Working Paper 14/3/08
Short Term Forecasting System of Private Demand Components in Armenia
Narek Ghazaryan Monetary Policy Department April 2014
Abstract
In this paper a system for the short term forecasting of private consumption and private investments is described used in the CBA. Large amount of time series are used in the system to produce conditional forecasts, giving analysts the opportunity to use all the available information in...
Inflation report 2014/1 (Monetary Policy Program Q1 2014, Status report on Implementation of the Monetary Policy Program Q4 2013)
2014-02-20 16:37
Executive summary
According to the Central Bank forecasts, in the short run the 12-month inflation rate will gradually approach the target and stabilize around it. In 2015 and the rest part of the forecast horizon, the 12-month inflation rate will stay within the confidence band of 4%+1.5 pp. In the time of uncertainties over economic developments in external and domestic sectors, the economic growth in the forecast horizon will rebound at a slow pace and will gradually approach its long-term...
Statistical overview (December. 2013)
2014-02-11 11:24
Statistical overview
The “CBA Bulletin” monthly of the Central Bank of Armenia has a section Monetary Overview which contains information on monetary, external, fiscal and real sectors, and data on payment and settlement system and the main financial system ratios.
The source of information on real sector (excluding core inflation) and external trade is the National Statistics Service of Armenia (http://www.armstat.am). The source of information on fiscal, external sectors...
The Board of the CBA lowered the refinancing rate by 0.25 percent
2014-02-11 10:13
Interest rate lowered by 0.25 percent
In the February 11, 2014 Meeting the Board of CBA decided to lower the Refinancing Rate of CBA by 0.25 percent to 7.5 percent.
Inflation in January of 2014 was 2.8 percent, with the 12-month inflation having amounted to 5.5 percent in late January and resting closer to the upper bound of the confidence band. In recent months inflation has subsided at a faster rate than forecasted, which was due to slower-than-expected economic activity and price falls on...
Statistical overview (November. 2013)
2014-01-14 11:22
Statistical overview
The “CBA Bulletin” monthly of the Central Bank of Armenia has a section Monetary Overview which contains information on monetary, external, fiscal and real sectors, and data on payment and settlement system and the main financial system ratios.
The source of information on real sector (excluding core inflation) and external trade is the National Statistics Service of Armenia (http://www.armstat.am). The source of information on fiscal, external sectors...
The Board of the CBA lowered the refinancing rate by 0.25 percent
2013-12-24 11:19
Interest rate lowered by 0.25 percent
In the December 24, 2013 Meeting the Board of CBA decided to lower the Refinancing Rate of CBA by 0.25 percent to 7.75 percent.
There was 0.9 percent inflation in November of 2013 against 1.4 percent inflation recorded in the same period of the previous year; the 12-month inflation continued to reduce and in late November it reached 6.6 percent. Inflation is reducing at a faster rate than forecasted, therefore in the end of the year the 12-month inflation...
Quarterly review (third quarter, 2013)
2013-12-06 15:49
Financial System of the Republic of Armenia in Q3, 2013
Banks functioning in the Republic of Armenia
As of 30.09.2013, there were 21 commercial banks with a total of 481 branch offices, and a development bank (All-Armenian Bank), functioning in the territory of the Republic of Armenia. In the period under review the banking sector indicators remained performing well.
Total capital of commercial banks
In the third quarter of 2013, total capital of the banking sector grew by 3.8...
Statistical overview (October. 2013)
2013-12-03 11:20
Statistical overview
The “CBA Bulletin” monthly of the Central Bank of Armenia has a section Monetary Overview which contains information on monetary, external, fiscal and real sectors, and data on payment and settlement system and the main financial system ratios.
The source of information on real sector (excluding core inflation) and external trade is the National Statistics Service of Armenia (http://www.armstat.am). The source of information on fiscal, external sectors...
Inflation report 2013/4 (Monetary Policy Program Q4, 2014, Status report on implementation of the Monetary Policy Program, Q3, 2014)
2013-11-19 19:03
EXECUTIVE SUMMARY
The Central Bank forecasts suggest that in the course of the next 3 years the 12-month inflation would decline continuously and rest around the target while the economic growth would speed up in 2014 and stabilize around its long-term equilibrium. Yet in the 3rd quarter of 2013 the developments of the domestic economy marked slowing in economic growth rates and high inflationary environment. This was mainly determinedby reduced private and public investment primarily due to...
The Board of the CBA lowered the refinancing rate by 0.5 percent
2013-11-12 11:15
Interest rate lowered by 0.5 percent
In the November 12th of 2013 Meeting the Board of CBA decided to cut the Refinancing Rate of CBA by 0.5 percent to 8.0 percent.
There was 0.3 percent inflation in October of 2013 against 1.2 percent inflation recorded in the same period of the previous year; the 12-month inflation continued to reduce and in late October it reached 7.1 percent. The down-sloping path of inflation was mainly driven by tightened monetary conditions and lower-than-projected...
Statistical overview (September. 2013)
2013-11-06 11:19
Statistical overview
The “CBA Bulletin” monthly of the Central Bank of Armenia has a section Monetary Overview which contains information on monetary, external, fiscal and real sectors, and data on payment and settlement system and the main financial system ratios.
The source of information on real sector (excluding core inflation) and external trade is the National Statistics Service of Armenia (http://www.armstat.am). The source of information on fiscal, external sectors...
Statistical overview (August. 2013)
2013-10-09 11:17
Statistical overview
The “CBA Bulletin” monthly of the Central Bank of Armenia has a section Monetary Overview which contains information on monetary, external, fiscal and real sectors, and data on payment and settlement system and the main financial system ratios.
The source of information on real sector (excluding core inflation) and external trade is the National Statistics Service of Armenia (http://www.armstat.am). The source of information on fiscal, external sectors...
Financial Stability Report (2013 1st half)
2013-10-01 14:10
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:...
The Board of the CBA left the refinancing rate unchanged 8.5 percent
2013-09-24 11:13
Interest rate unchanged, 8.5 percent
In the September 24th of 2013 Meeting the Board of CBA decided to leave the Refinancing Rate of CBA unchanged, at an 8.5 percent level.
There was 0.3 percent inflation in August of 2013 against 0.4 percent deflation recorded in the same period of the previous year, and the 12-month inflation in late September reached 9.3 percent. The Board admits that in the upcoming months the inflation will reduce to approach the forecast path. In view of easing...