The Board of the CBA left the refinancing rate unchanged 8 percent
2011-12-06 12:33
The Board of the CBA left the refinancing rate unchanged 8%
In the December 06, 2011 Meeting the Board of CBA decided to leave the Refinancing Rate of CBA unchanged, at 8 percent.
In November inflation was 1.2 percent, and the 12-month inflation fell by 0.9 pp against the previous month’s indicator and reached 4.8 percent, returning the confidence band of 4%±1.5 pp as a result.
The Board admitted that currently no inflationary pressures on the Armenian economy from the world...
Status report on Implementation of the Monetary Policy Program Q3, 2011. Inflation report
2011-11-22 14:53
(2011/3) Summary
In the third quarter of 2011 the inflation environment further eased, driven by both domestic and external macroeconomic developments. Prices of food products and raw materials in world markets behaved stably and prices of some commodities even went down. In the meantime, conditioned by slowly recovering domestic demand, influence of implemented contractionary fiscal and monetary policies and increased supply of agricultural products, no inflationary pressures from domestic...
The Board of the CBA left the refinancing rate unchanged 8 percent
2011-11-08 12:30
The Board of the CBA left the refinancing rate unchanged 8%
In the November 08, 2011 Meeting the Board of CBA decided to leave the Refinancing Rate of CBA unchanged, at 8 percent.
In October inflation was 0.3 percent, and the 12-month inflation fell by 0.5 pp against the previous month’s indicator and reached 5.7 percent, nearing the confidence band of 4%±1.5 pp as a result.
The Board considers it most likely that world economic growth rates would slow down in the forecast time...
Statistical overview (August. 2011)
2011-10-11 15:44
Statistical overview
The section Monetary Overview of the “CBA Bulletin” monthly of the Central Bank of Armenia contains the CBA September 6, 2011 Board Meeting’s Minutes on the refinancing rate for September 2011, and 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 on goods’ export and in External Sector is...
The Board of the CBA left the refinancing rate unchanged 8.0 percent
2011-10-11 12:27
The Board of the CBA left the refinancing rate unchanged 8.0%
In the October 11, 2011 Meeting the Board of CBA decided to leave the Refinancing Rate of CBA unchanged, at 8 percent.
In September inflation was 0.8 percent, and the 12-month inflation grew by 1.4 pp against the previous month’s indicator and reached 6.2 percent, as a result. Back in September the Board of CBA had outlined that the 12-month inflation would most likely be near or above the confidence band and had it published...
Financial Stability Report (2011 1st half)
2011-09-27 13:47
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 (July. 2011)
2011-09-07 15:42
Statistical overview
The “CBA Bulletin” monthly of the Central Bank of Armenia has a section Monetary Overview which contains the CBA August 9, 2011 Board Meeting’s Minutes on Refinancing Rate for August of 2011, and 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 on goods’ export and in External Sector is...
The Board of the CBA lowered the refinancing rate by 0.5 percent
2011-09-06 12:24
The Board of the CBA lowered the refinancing rate by 0.5%
In the September 6, 2011 meeting the Board of CBA decided to lower the Refinancing Rate of CBA by 0.5 pp. to 8.0 percent.
In August of 2011 deflation was 0.6 percent. The 12-month inflation indicator went down by 1.5pp. in relation to the previous month and reached 4.8 percent, returning to the 4% ±1.5p.p. confidence band.
The Board accepted, that impulses coming from the external sector on the inflationary environment are...
Challenges of the 21-st century
2011-08-14 07:50
CHALLENGES OF THE 21-ST CENTURY(core theses of the lecture)
Tigran Sargsyan, Candidate of Economic SciencesDirector of Institute of Research of Transitional Society
It is undeniable that we live in an age of changes with continuously growing scale and speed. The world changes and our understanding of it changes as well. Yet quite often we cannot manage to grasp the entire depth and essence of such changes in due time. This makes us hold back and surrender positions in the competitive...
Status report on Implementation of the Monetary Policy Program 2Q, 2011. Inflation report
2011-08-09 21:42
(2011/2) Summary
The second quarter of 2011 was momentous for a moderated inflationary environment, which was fostered by both domestic developments, including the tightening of monetary conditions since the start of the year, and developments of the external sector. Prices of food products and raw materials tended to somewhat stabilize [and prices of some commodities even went down] at the beginning of the quarter after fluctuations observed in global markets. In the meantime, conditioned by...
The Board of the CBA left the refinancing rate unchanged 8.5 percent
2011-08-09 12:21
The Board of the CBA left the refinancing rate unchanged 8.5%
In the August 9, 2011 meeting the Board of CBA decided to leave the Refinancing Rate of CBA unchanged, at 8.5 percent.
There was 3 percent deflation recorded in July of 2011, and the 12-month inflation has fallen by 2.2 pp against the previous month’s same indicator reaching 6.3 percent, as a result.
The Board accepted that inflationary environment is moderating determined by macroeconomic developments in both domestic and...
Statistical overview (June. 2011)
2011-08-08 15:39
Statistical overview
The section Monetary Overview of the “CBA Bulletin” monthly of the Central Bank of Armenia contains the CBA July 12, 2011 Board Meeting’s Minutes on the refinancing rate for July 2011, and 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 on goods’ export and in External Sector is the...
(2011/3) The Monetary Policy Program of the Republic of Armenia Q3, 2011
2011-07-26 20:24
Q2, 2011 actual indicators and developments
Somewhat a moderate inflationary environment relative to the previous quarter as well as gradual balancing of risks was forecast for the second quarter of 2011. The following were to contribute to the mitigation of the inflationary environment:
Lagged impact of monetary conditions tightened since the start of the year and the change in the reserve requirement mechanism;
Weakened inflationary pressures transmitted to the Armenian economy...
Statistical overview (May. 2011)
2011-07-13 15:38
Statistical overview
The section Monetary Overview of the “CBA Bulletin” monthly of the Central Bank of Armenia contains the CBA June 10, 2011 Board Meeting’s Minutes on the refinancing rate for June 2011, and 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 on goods’ export and in External Sector is the...
The Board of the CBA left the refinancing rate unchanged 8.5 percent
2011-07-12 12:19
The Board of the CBA left the refinancing rate unchanged 8.5%
In the July 12, 2011 meeting the Board of CBA decided to leave the Refinancing Rate of CBA unchanged, at 8.5 percent.
There was 1.4 percent deflation recorded in June of 2011, and the 12-month inflation has fallen by 0.5 pp against the previous month’s indicator and reached 8.5 percent, as a result. The contribution of the increase of food prices to the 12-month inflation is high – 7.3 pp.
The Board accepted that...