The Board of the CBA lowered the refinancing rate by 1.0 percent
2015-12-22 09:38
The Board of the CBA lowered the refinancing rate by 1.0%
At the December 22, 2015 Meeting, the Board of the Central Bank of Armenia decided to lower the refinancing rate by 1.0 pp to 8.75%.
In November 2015, inflation was 0.6%, compared to 1.3% inflation to the same reference month last year. As a result, 12-month inflation continued to decline, reaching 1.2% at the end of November 2015. The decrease in inflation is still due to low prices of agricultural products and decline in prices for...
The Board of the CBA lowered the refinancing rate by 0.5 percent
2015-11-10 09:35
The Board of the CBA lowered the refinancing rate by 0.5%
At the November 10, 2015 Meeting, the Board of the Central Bank of Armenia decided to lower the refinancing rate by 0.5 pp to 9.75%.
Deflation was 0.4% in October 2015, compared to 1.0% inflation to the same reference month last year. As a result, 12-month inflation continued to fall, reaching 1.9% at the end of October 2015.
As to the external sector, growth of the global economy remained slow, while prices in the international...
The Board of the CBA left the refinancing rate unchanged 10.25 percent
2015-09-22 09:31
The Board of the CBA left the refinancing rate unchanged 10.25%
At September 22, 2015 meeting, the Board of the Central Bank of Armenia decided to leave the refinancing rate unchanged, 10.25%.
There was 0.1% of inflation in August of 2015 against 0.7% reported in the same reference month last year. The 12‐month inflation rate continued falling, at a slower pace than expected, to 3.6% at the end of the month.
Trends of slow global economic growth persisted in the external sector while...
The Board of the CBA lowered the refinancing rate by 0.25 percent
2015-08-11 09:28
The Board of the CBA lowered the refinancing rate by 0.25%
At the meeting dated August 11, 2015, the Board of the Central Bank of the Republic of Armenia decided to reduce the Refinancing Rate by 0.25 pp and set it at 10.25%.
There was 2.2% of deflation in July of 2015 compared with 0.9% of deflation recorded in the same month last year, and the 12-month inflation rate decreased to reach 4.2% late in the month.
Actual developments show that slower-than-expected global economic growth...
The Board of the CBA left the refinancing rate unchanged 10.5 percent
2015-06-23 09:25
The Board of the CBA left the refinancing rate unchanged 10.5%
At the meeting dated June 23, 2015, the Board of the Central Bank of the Republic of Armenia decided to leave the Refinancing Rate unchanged, at 10.5%.
There was 0.5% of deflation in May of 2015 compared with 0.8% of deflation recorded in the same month last year. The 12-month inflation rate amounted to 5.1% late in the month.
Trends of slow global economic growth persisted in the external sector. Under this circumstance, the...
The Board of the CBA left the refinancing rate unchanged 10.5 percent
2015-05-12 09:22
The Board of the CBA left the refinancing rate unchanged 10.5%
At the meeting dated May 12 2015, the Board of the Central Bank of the Republic of Armenia decided to leave the Refinancing Rate unchanged, 10.5%.
There was 0.4% of deflation in April of 2015 compared with 0.5% of inflation recorded in the same month last year. The 12-month inflation rate reduced to 4.8% late in the month.
According to actual developments, trends of slow global economic growth persisted in the external sector,...
The Board of the CBA lowered the refinancing rate by 1.5 percent
2015-03-24 09:16
The Board of the CBA lowered the refinancing rate by 1.5%
On the March 24 of 2015 Meeting, the Board of the Central Bank of the Republic of Armenia decided to lower the Lombard Repo Facility Rate by 1.5 percentage points to 12.0% and leave the Refinancing Rate unchanged, at 10.5%.
There was 0.2% of deflation in February of 2015 compared with 1.2% of deflation recorded in the same month last year. The 12-month inflation rate reached 5.4% late in the month. The Board believes that the...
The Board of the CBA raised the refinancing rate by 1.0 percent
2015-02-10 09:12
The Board of the CBA raised the refinancing rate by 1.0%
At the February 10, 2015 meeting, the Board of the Central Bank decided to raise the refinancing rate by 1.0 percentage point to 10.5%.
Inflation in January 2015 was 2.5%, with the 12‐month inflation rate in late January having amounted to 4.3%, staying close to the target. The Board believes that the 12‐month inflation rate would post a slight increase in the coming months due to a lower base compared to the same reference period...
The Board of the CBA raised the refinancing rate by 1.0 percent
2015-01-21 09:08
The Board of the CBA raised the refinancing rate by 1.0%
At the January 21, 2015 ad hoc meeting, the Board of the Central Bank decided to raise the refinancing rate by 1.00 pp to 9.50%.
Inflation in December 2014 was 3.0%, with the 12‐month inflation having amounted to 4.6%.
In the external sector, after the latest decision on the refinancing rate, deflationary trends persisted in the main commodity and food product markets. To which extent and at which speed these trends will reflect...
The Board of the CBA raised the refinancing rate by 1.75 percent
2014-12-23 10:40
The Board of the CBA raised the refinancing rate by 1.75%
At the December 23, 2014 meeting, the Board of the Central Bank decided to raise the refinancing rate by 1.75 pp to 8.50%.
Inflation in November 2014 was 1.3% compared to 0.9% recorded for the same month last year, and the 12-month inflation amounted to 2.6%.
In the external sector, latest developments included accelerating growth rates of the U.S. economy, which led to expectations for further increase in interest rates in the U.S.A....
The Board of the CBA left the refinancing rate unchanged 6.75 percent
2014-11-11 10:37
Interest rate left unchanged, 6.75 percent
In the November 11, 2014 Meeting, the Board of the CBA decided to leave the Refinancing Rate of the CBA unchanged, 6.75 percent.
There was 1.0 percent of inflation in October of 2014, compared to 0.3 percent of inflation recorded in the same month of the previous year. Approaching the lower border of the confidence band, the 12-month inflation amounted to 2.2 percent at the end of the month. In the coming months, the Board considers, the inflation...
The Board of the CBA left the refinancing rate unchanged 6.75 percent
2014-09-23 10:34
The Board of the CBA left the refinancing rate unchanged 6.75%
At September 23, 2014 meeting, the Board of the Central Bank decided to leave the refinancing rate unchanged, 6.75%.
Inflation in August 2014 was 0.7% compared to 0.3% recorded for the same month last year, while the 12-month inflation has increased to some extent, making up 0.8% in late August. The Board believes that the inflationary environment will continue expanding, and in the first half of 2015 it is expected to stabilize...
The Board of the CBA lowered the refinancing rate by 0.25 percent
2014-08-12 10:31
The Board of the CBA lowered the refinancing rate by 0.25%
On the 12th August 2014 meeting, the Board of the Central Bank decided to reduce the refinancing rate by 0.25 percentage point to 6.75%.
There was 0.9% of deflation in July 2014 against 0.4% of inflation recorded in the same month last year; in the meanwhile, the 12‐month inflation rate has dropped to 0.4%. The Board believes that in the coming months the 12‐month inflation rate will gradually increase and, starting from Q1 2015,...
The Board of the CBA lowered the refinancing rate by 0.25 percent
2014-06-24 10:26
Interest rate lowered, to 7.00 percent
In the June 24, 2014 Meeting, the Board of the CBA decided to lower the Refinancing Rate of the CBA by 0.25 pp to 7.00 percent.
There was 0.8 percent of deflation in May of 2014, in relation to an unchanged price level recorded in the same month of the previous year, with the 12-month inflation of 3.6 percent in late May. In the coming months, the Board considers, the inflation rate will keep on easing as the impact of energy prices, increased in July...
The Board of the CBA lowered the refinancing rate by 0.25 percent
2014-05-13 10:23
Interest rate lowered, to 7.25 percent
In the May 13, 2014 Meeting, the Board of the CBA decided to lower the Refinancing Rate of the CBA by 0.25 pp to 7.25 percent.
There was 0.5 percent of deflation in April of 2014, against 0.1 percent of deflation recorded in the same month of the previous year, with the 12-month inflation having amounted to 4.4 percent. In the coming months, the Board considers, the 12-month inflation rate will reduce and will rest closer to the lower bound of the...