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...
The Board of the CBA left the refinancing rate unchanged 8 percent
2012-05-08 11:37
Interest rate unchanged, 8 percent
In the May 8th 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 May of 2012, and the 12-month inflation amounted to 0.5 percent, which is somewhat below the confidence band.
The Board admitted that further uncertainties over political solutions to debt problems in Eurozone has led to an abrupt U.S. dollar appreciation versus currencies of Armenia’s main...
The Board of the CBA left the refinancing rate unchanged 8 percent
2012-04-10 11:34
Interest rate unchanged, 8 percent
In the April 10th of 2012 Meeting the Board of CBA decided to leave the Refinancing Rate of CBA unchanged, at 8 percent.
There was 0.1 percent inflation recorded in March of 2012, and the 12-month inflation decreased against the previous month’s indicator by 0.8 pp and reached 2.2 percent, which is somewhat below the confidence band.
The Board admitted that the external sector developments on the inflation environment in Armenia are mainly in...
The Board of the CBA left the refinancing rate unchanged 8 percent
2012-03-06 11:30
Interest rate unchanged, 8 percent
In the March 6th of 20 12 Meeting the Board o f CBA decid ed to leave the Refinancing Rate of CBA unchanged, at 8 percent.
There was 0.9 percent deflation recorded in February of 2012, and the 12-mo nth inflation decreased against the previous m onth’s indicator by 1.8 pp a nd reached 3.0 percent, which is within the confidence band of 4%±1.5 pp.
The Board admitted that internatio nal prices of main raw materials a nd food pro ducts shaped...
The Board of the CBA left the refinancing rate unchanged 8 percent
2012-02-07 11:26
Interest rate unchanged, 8 percent
In the February 7, 2011 Meeting the Board of CBA decided to leave the Refinancing Rate of CBA unchanged, at 8 percent.
In January of 2012 inflation was 3.6 percent, and the 12-month inflation against the previous month’s indicator increased by 0.1 pp and reached 4.8 percent, which is within the confidence band of 4%±1.5 pp.
The Board admitted that inflationary pressures on the Armenian economy from external environment are not expected in the...
The Board of the CBA left the refinancing rate unchanged 8 percent
2012-01-10 11:23
Interest rate unchanged, 8 percent
In the January 10, 2012 Meeting the Board of CBA decided to leave the Refinancing Rate of CBA unchanged, at 8 percent.
In December of 2011 inflation was 2.5 percent, and the 12-month inflation for 2011 amounted to 4.7 percent as a result, which is within the confidence band of 4%±1.5 pp.
The Board admitted that inflationary pressures coming in to the Armenian economy from external environment in short run are weak: international prices of raw...
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...
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...
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...
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...
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...
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...
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,...
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...
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...