The Board of the CBA left the refinancing rate unchanged 8.5 percent
2011-06-07 12:16
The Board of the CBA left the refinancing rate unchanged 8.5%
In the June 7, 2011 meeting the Board of CBA decided to leave the Refinancing Rate of CBA unchanged, at 8.5 percent.
Inflation in May of 2011 was 0.04 percent, and the 12-month inflation has increased by 0.1 pp and amounted to 9.0 percent, as a result.
The Board accepted that inflationary pressures coming from the external sector eased for the upcoming period of time: prices of primary goods fell at the beginning of the month,...
Statistical overview (April. 2011)
2011-06-06 15:36
Statistical overview
The section Monetary Overview of the “CBA Bulletin” monthly of the Central Bank of Armenia contains the CBA May 10, 2011 Board Meeting’s Minutes on the refinancing rate for May 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...
Financial System of Armenia. Development, Regulation, Supervision 2010
2011-05-25 18:02
Introduction
Challenges of world economic crisis in 2009-2010 did not result in significant shocks threatening stability of Armenian financial system. In 2010 Armenian financial system almost recovered to the precrisis profitability level. Armenian Government and Central Bank lending programs, which were initiated already in the second half of 2009, persisted also in 2010. The mentioned programs, anti-crisis expansionary monetary and fiscal policies in 2009, dram depreciation and inflation in...
Statistical Bulletin of the CBA 2010
2011-05-25 13:59
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 are presented in the section Methodological notes....
Status report on implementation of the monetary policy program (inflation report) Q1, 2011
2011-05-24 18:38
(2011/1) SUMMARY
High inflationary environment in the first quarter of 2011 further depended on an increase of international prices of main food products and raw materials, persistently high prices of agricultural products due to the reported unprecedented downfall in agriculture in the previous year, the second round effects and high inflation expectations in the face of supply shocks. As well as main inflation risks as outlined in the previous monetary policy program showed up during...
Statistical overview (March. 2011)
2011-05-10 15:35
Statistical overview
The section Monetary Overview of the “CBA Bulletin” monthly of the Central Bank of Armenia contains the CBA April 12, 2011 Board Meeting’s Minutes on the refinancing rate for April 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
2011-05-10 12:14
The Board of the CBA left the refinancing rate unchanged 8.5%
In the May 10, 2011 meeting the Board of CBA decided to leave the Refinancing Rate of CBA unchanged, at 8.5 percent.
In April of 2011 0.2 percent deflation was recorded, and the 12-month inflation reduced by 2.6 pp. and reached 8.9 percent, as a result.
The Board accepted that during April prices of food products and primary goods in international markets tended to stabilize in spite of existing...
(2011/2) The Monetary Policy Programm of the Republic of Armenia Q2, 2011. Inflation report
2011-05-02 16:25
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 slowly...
Annual report 2010
2011-04-26 13:06
Chairman's message
Dear Reader,
The year 2010 was full of challenges and trials but also prominent with achievements and structural reforms. The world financial and economic crisis in the last twothree years was a test to many governments, central banks and even some renowned scientists in terms of making revision in their approaches and decisions, redefining priorities and goals which were set before them. Armeniaís economy, too, could not stay immune to the fallouts of the crisis,...
Statistical overview (February. 2011)
2011-04-12 15:33
Statistical overview
The section Monetary Overview of the “CBA Bulletin” monthly of the Central Bank of Armenia contains the CBA March 4, 2011 Board Meeting’s Minutes on the refinancing rate for March 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 CBA raised the refinancing rate by 0.25 percent
2011-04-12 12:11
The Board of CBA raised the refinancing rate by 0.25%
In the April 12, 2011 meeting the Board of CBA decided to raise the Refinancing Rate of CBA by 0.25 pp, to 8.5 percent.
In March of 2011 inflation was 0.8 percent. Though inflation, which was adjusted for January and February based on new weights in the consumer basket, pushed the 12- month inflation indicator down, it still is rather high, 11.5 percent. Moreover, as much as 8.3 pp out of the 12-month inflation contributed to food prices...
Financial Stability Report (2010 annual report)
2011-03-29 16:29
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:...
Quarterly review (fourth quarter, 2010)
2011-03-28 17:46
Financial System of the Republic of Armenia Q4, 2010
Banks functioning in the Republic of Armenia
As of 31.12.2010, there have been 21 commercial banks with a total of 408 branch offices, functioning in the territory of the Republic of Armenia. In the period under review the banking sector posted growth of survey indicators and even more vibrancy has been observed in the lending market.
Total capital of commercial banks
In the fourth quarter of 2010 total capital of...
Statistical overview (January. 2011)
2011-03-07 15:31
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 raised the refinancing rate by 0.5 percent
2011-03-04 12:08
The Board of the CBA raised the refinancing rate by 0.5%
In the March 4, 2011 meeting the Board of CBA decided to raise the Refinancing Rate of CBA by 0.5 pp, to 8.25 percent.
In February of 2011 inflation was 1.9 percent, and the 12-month inflation indicator reached 12.4 percent, greatly contributed by the food prices increases as much as 10.1 pp.
The Board is concerned with the inflationary environment expanding as a result of the developments in world markets of food products and primary...