Package of documents related to the decision on the Policy rate
2026-09-15 18:00
2026 Q3, Monetary Policy Report, Monetary Policy Program, September 15,...
Status Report on Implementation of the Monetary Policy Program (quarter 3, 2025 to quarter 2, 2026)
2026-08-28 15:11
In the time between the third quarter of 2025 and the second quarter of 2026 inclusive, the inflationary environment in the Republic of Armenia gradually broadened. This was mainly driven by inflationary pressures transmitted from the global economy, particularly through food products, as well as through increases in prices of domestic food products. The latter were partly due to the introduction of the marking process and a shift in the agricultural season resulting from adverse weather...
Monetary Policy Transparency Report (August, 2026)
2026-08-04 18:00
Monetary Policy Transparency Report (August 4,...
Package of documents related to the decision on the Policy rate
2026-06-16 18:00
2026 Q2, Monetary Policy Report, Monetary Policy Program, June 16,...
Status report on implementation of the monetary policy program (quarter 2, 2025 to quarter 1, 2026)
2026-05-27 16:04
In the time between the second quarter of 2025 and the first quarter of 2026 inclusive, the 12-month inflation in the Republic of Armenia has gradually accelerated. This was mainly driven by inflationary pressures transmitted from the global economy, particularly through imported food products, as well as through prices of domestic food products risen in part due to the introduction of the marking process. The acceleration of inflation in the first quarter of 2026 was also driven by a certain...
Monetary Policy Transparency Report (May, 2026)
2026-05-05 18:00
Monetary Policy Transparency Report (May 5,...
Monetary Policy Accountability Report (2025)
2026-03-31 18:00
The Board of the Central Bank of Armenia (CBA) is pleased to present the Monetary Policy Accountability Report for 2025, part of our continuous commitment to enhancing and strengthening the Central Bank’s transparency and accountability in matters of monetary policy. This report is the first in a series of accountability reports, to be published annually in the first quarter of each...
Package of documents related to the decision on the Policy rate
2026-03-17 18:00
2026 Q1, Monetary Policy Report, Monetary Policy Program, March 17,...
Status report on implementation of the monetary policy program (Quarter 1, 2025 to Quarter 4, 2025)
2026-03-02 11:28
Status report on implementation of the monetary policy program (Quarter 1, 2025 to Quarter 4,...
Monetary Policy Transparency Report (February, 2026)
2026-02-03 18:21
Monetary Policy Transparency Report (February 3,...
Package of documents related to the decision on the refinancing rate
2025-12-16 18:00
2025 Q4, Monetary Policy Report, Monetary Policy Program, December 16,...
Status report on implementation of the monetary policy program (quarter 4, 2024 to quarter 3, 2025)
2025-11-25 10:23
Between the 4th quarter of 2024 and the 3rd quarter of 2025 (inclusive), the 12-month inflation in the Republic of Armenia accelerated, gradually approaching and stabilizing around the target level. The acceleration of inflation was mainly driven by inflationary effects transmitted from the external sector and, in parallel with the gradual adjustment of monetary conditions by the Central Bank of Armenia, a certain expansion of domestic demand. In the second quarter of 2025, certain short-term...
Monetary Policy Transparency Report (November 4, 2025)
2025-11-04 18:07
Monetary Policy Transparency Report (November 4,...
Monetary Policy Report (2025 Q3)
2025-09-16 18:00
Monetary Policy Report, Monetary Policy Program(2025...
Monetary policy program implementation report (Q3 2024 – Q2 2025)
2025-08-19 17:35
Between the third quarter of 2024 and the second quarter of 2025 inclusive, the inflation environment in the Republic of Armenia has expanded: the 12-month inflation has accelerated throughout that period, approaching the target level. This dynamic was largely driven by inflationary pressures transmitting from the external sector and, in parallel, by a moderate strengthening of domestic demand and a gradual easing of monetary conditions by the Central Bank of Armenia. In the second quarter of...