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Reports

Statistical overview (February. 2024) 2024-02-28 11:07

Statistical overview The Statistical Overview section of the monthly CBA Bulletin of the Central Bank of Armenia includes data on monetary, external, fiscal and real sectors, and data on RA payment and settlement system and financial system indicators. The data source of real sector (excluding core inflation) and external trade in goods is the Statistical Committee of the Republic of Armenia (http://www.armstat.am). The data source on fiscal, external sectors, monetary and financial...

Status Report on Implementation of the Monetary Policy Program (Q1, 2023 - Q4, 2023) 2024-02-20 14:14

(2023/4) In the one-year period between 1st quarter of 2023 and 1st quarter of 2024, the inflationary environment in the Republic of Armenia has softened substantially. The 12-month inflation fell sharply in the first half of the year, forming around the level of zero since the second half. Such inflationary developments were attributable mainly to considerably weakened inflationary pressures transmitting from the external sector and even minor deflationary effects late in the year, as well as...

Statistical overview (January. 2024) 2024-01-30 15:55

Statement of financial position as at 31 December 2023 2023-12-31 12:13

Statement of financial position as at 31 December...

Inflation report 2023/4 (Monetary Policy Program Q4, 2023, Status report on implementation of the Monetary Policy Program, Q3, 2023) 2023-12-26 18:15

E X E C U T I V E S U M M A R Y In the fourth quarter of 2023 the economic activity in the world and main trade partner countries to Armenia continues to slow down. The inflationary environment in the global economy is further easing asmonetary policies remain contractionary. And yet, the 12-month inflationrates in main trade partner countries are persisting above their target, and the central banks of these countries will, subsequently,keep monetary conditions relatively contractionary in the...

INFORMATION On the Structure of International Reserves of the Republic of Armenia 2023 year, III quarter 2023-11-28 16:16

INFORMATION On the Structure of International Reserves of the Republic of Armenia 2023 year, III...

Status Report on Implementation of the Monetary Policy Program (Q4, 2022 - Q3, 2023) 2023-11-28 15:46

(2023/3) The inflationary environment in the Republic of Armenia has eased significantly in the time period from the fourth quarter of 2022 to the third quarter of 2023. This was primarily facilitated by the weakening of external inflationary effects, as well as the monetary policy implemented by the Central Bank of Armenia. In particular, there was a significant decrease in food and energy prices in international commodity markets from the end of 2022, mainly due to the contractionary...

Statement of financial position as at 30 September 2023 2023-09-30 12:22

Statement of financial position as at 30 September...

Inflation report 2023/3 (Monetary Policy Program Q3, 2023, Status report on implementation of the Monetary Policy Program, Q2, 2023) 2023-09-26 15:17

E X E C U T I V E S U M M A R Y In the third quarter of 2023 the economic activity in the world and the main partner countries to Armenia remains sluggish, and the risks of weaker economic activity have substantially increased. With such developments in the global economy as well as the contractionary monetary policy implementation in place, the overall inflation environment in the world continued to soften significantly. Nonetheless, influenced by inflationary pressures from the labor market...

INFORMATION On the Structure of International Reserves of the Republic of Armenia 2023 year, II quarter 2023-08-22 12:30

INFORMATION On the Structure of International Reserves of the Republic of Armenia 2023 year, II...

Status Report on Implementation of the Monetary Policy Program (Q3, 2022 - Q2, 2023) 2023-08-22 11:26

(2023/2) In the period between 3rd quarter of 2022 and 2nd quarter of 2023, the inflation environment in the Republic of Armenia has eased substantially. Thus, in the second half of 2022, despite following a certain decreasing path, the overall inflation further remained elevated, primarily driven by strong aggregate demand and inflation expectations created on the account of a large-scale influx of international visitors and financial resources to Armenia in the wake of the Russia-Ukraine...

Statement of financial position as at 30 June 2023 2023-06-30 12:30

Statement of financial position as at 30 June...

Inflation report 2023/2 (Monetary Policy Program Q2, 2023, Status report on implementation of the Monetary Policy Program, Q1, 2023) 2023-06-27 11:01

E X E C U T I V E S U M M A R Y In the second quarter of 2023, the economic growth rates in the main partner countries to Armenia are still sluggish, which is accompanied by continuous easing of the inflation environment. Nevertheless, in all partner countries, as inflationary pressures derived from labor markets linger, the prices of goods and services that stand out with “sticky” prices still remain high. The central banks of those countries will therefore carry on tightening...

Status Report on Implementation of the Monetary Policy Program (Q2, 2022 - Q1, 2023) 2023-05-30 17:31

(2023/1) Early in the period between the 2nd quarter of 2022 and the 1st quarter of 2023 the inflation environment in the Republic of Armenia has expanded due to the influence of escalation of the Russian-Ukrainian conflict since the end of February, various sanctions imposed on Russia and many uncertainties derived from them. High inflation environment persisted up until the end of 2022, which was also driven by strong aggregate demand created on account of a large-scale influx of...

INFORMATION On the Structure of International Reserves of the Republic of Armenia 2023 year, I quarter 2023-05-30 11:54

INFORMATION On the Structure of International Reserves of the Republic of Armenia 2023 year, I...