Publications

Publications

Publications

Statistical overview (September. 2012) 2012-11-01 15:05

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. 2012) 2012-10-10 15:03

The Board of the CBA left the refinancing rate unchanged 8 percent 2012-10-09 11:53

Interest rate unchanged, 8 percent In the October 9th of 2012 Meeting the Board of CBA decided to leave the Refinancing Rate of CBA unchanged, at 8 percent. There was 0.8 percent inflation recorded in September of 2012, and the 12-month inflation remained unchanged, 2.5 percent, which is the lower border of the confidence band. The Board admitted that influences expected from the external sector remain minor inflationary. In spite of further uncertainties over political solutions...

Statistical overview (July. 2012) 2012-09-06 15:02

The Board of the CBA left the refinancing rate unchanged 8 percent 2012-09-04 11:50

Interest rate unchanged, 8 percent In the September 4th of 2012 Meeting the Board of CBA decided to leave the Refinancing Rate of CBA unchanged, at 8 percent. There was 0.4 percent deflation recorded in August of 2012, and the 12-month inflation amounted to 2.5 percent, which coincides with lower bound of the confidence band. The Board admitted that in August both external and domestic economies have been progressing in line with the baseline scenario as outlined in the third quarter’s...

Quarterly review (second quarter, 2012) 2012-09-03 17:00

Financial System of the Republic of Armenia in Q2, 2012 Banks functioning in the Republic of Armenia As of 30.06.2012, there were 21 commercial banks with a total of 461 branch offices, functioning in the territory of the Republic of Armenia. In the period under review the banking sector posted an increment in main prudential indicators. Total capital of commercial banks In the second quarter of 2012 total capital of commercial banks grew by 1.9 percent (by AMD 6.8 billion) and...

Financial Stability Report (2012 1st half) 2012-08-21 15:47

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 (June. 2012) 2012-08-16 15:00

Inflation report 2012/3 (Monetary Policy Program Q3, 2012. Status report on Implementation of the Monetary Policy Program Q2, 2012) 2012-08-07 14:33

Executive summary There was 3.1 percent of deflation recorded in the second quarter of 2012 compared to that of 1.6 percent in the previous reference period, and the 12-month inflation further subsided to 0.7 percent at the end of June. A low 12-month inflation indicator has been totally due to 0.9 percent decline in food prices whereas non-food prices and service tariffs have posted increases as expected, by 3.9 percent and 1.9 percent, respectively. In the forecast horizon the developments...

The Board of the CBA left the refinancing rate unchanged 8 percent 2012-08-07 11:47

Interest rate unchanged, 8 percent In the August 7th of 2012 Meeting the Board of CBA decided to leave the Refinancing Rate of CBA unchanged, at 8 percent. There was 1.5 percent deflation recorded in July of 2012, and the 12-month inflation amounted to 2.3 percent, approaching the lower border of the confidence band. The Board admitted that minor inflationary and stabilization trends are expected in the main commodities markets amid slowly recovering world demand. However, anticipation...

The Board of the CBA left the refinancing rate unchanged 8 percent 2012-07-10 11:45

Interest rate unchanged, 8 percent In the July 10th of 2012 Meeting the Board of CBA decided to leave the Refinancing Rate of CBA unchanged, at 8 percent. There was 1.3 percent deflation recorded in June of 2012, and the 12-month inflation amounted to 0.7 percent, which is still below the confidence band. The Board admitted that actual trends in the external sector in the second quarter of 2012 were mainly consistent with the baseline scenario of the Q2 monetary policy program, namely an...

Is Greece on the Right Track? 2012-07-05 12:33

WP08/12-01E COLUMBIA UNIVERSITY: SCHOOL OF INTERNATIONAL AND PUBLIC AFFAIRSCENTRAL BANK OF ARMENIA: MONETARY POLICY DEPARTMENT Is Greece on the Right Track? Debt Sustainability with Stochastic Approach Paloma Alonso García-Puente, Zeina El Khoury, Vahagn Grigoryan, Tomoyuki Yamada 5/7/2012 Abstract The aim of our paper is to analyze the sustainability of the Greek public debt from a risk management point view. We use a VAR model that takes into account the stochastic nature of...

Statistical overview (May. 2012) 2012-07-04 14:56

Statistical overview (April. 2012) 2012-06-08 11:58

Statistical Bulletin of the CBA 2011 2012-05-25 14:18

Statistical Bulletin of the Central Bank of Armenia is an annual periodical that presents data on monetary, fiscal, external and real sectors as well as main indicators of financial organizations and of the payment and settlement system. Description of data contained in this Statistical Bulletin is presented in the section Methodological notes....