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08/09/2011Monetary

In the September 6, 2011 meeting the Board of CBA decided to lower the Refinancing to 8.0 percent.


Untitled1111.jpgIn 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.

13/07/2011Monetary

The Board of CBA decided to leave the Refinancing Rate unchanged 8.5 percent.

Untitled1111.jpgThere 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.

07/07/2011Monetary

Status report on Implementation of the Monetary Policy Program (Inflation report I quarter)

ENG 01.JPGThe quarterly periodical The Republic of Armenia Monetary Policy and Inflation Report presents the previous quarter's macroeconomic environment and inflation, forecasts for the upcoming one-year horizon and the monetary policy directions as well as the previous quarter's inflation developments, domestic and external factor affecting it and status report on how the CBA attains the inflation target. External environment, balance of payments,interest rates, exchange rate, monetary developments, aggregate demand,aggregate supply, labor market, and import and producer prices are presented as domestic and external factors.

13/05/2011Monetary

Status report on Implementation of the Monetary Policy Program (Inflation report Q4 2010)

The quarterly periodical The Republic of Armenia Monetary Policy and
Inflation Report presents the previous quarter's macroeconomic environment and inflation, forecasts for the upcoming one-year horizon and the monetary policy directions as well as the previous quarter's inflation developments, domestic and external factor affecting it and status report on how the CBA attains the inflation target. External environment, balance of payments, interest rates, exchange rate, monetary developments, aggregate demand,
aggregate supply, labor market, and import and producer prices are presented as domestic and external factors.

07/04/2011Monetary

Monetary policy program of the Republic of Armenia (2010, fourth quarter)

In the beginning of 2011 the macroeconomic situation was characterized by high inflationary environment as influence of expansionary fiscal and monetary policies implemented in 2009 began to appear at the yearend 2009, and it was expected that in the first quarter of 2010 it would reach its peak.

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