2024-05-25 22:10:14
2023 On the session of January 31, the Central Financial institution of Armenia determined to depart the refinancing price unchanged, setting it at 10.75%, the Central Financial institution of RA informs.
“2022 In December, the 12-month inflation continued to lower and was 8.3% on the finish of the yr. 12-month regular inflation additionally decreased to 9.5%.
On the finish of 2022, the financial exercise of the primary companion international locations of the world and Armenia continued to decelerate. International inflation can be falling as a result of decrease costs of some uncooked supplies and meals merchandise. Nonetheless, comparatively expanded demand helps to take care of an inflationary atmosphere. Subsequently, the central banks of developed international locations will proceed to tighten financial situations within the close to future. This can contribute to the weakening of world demand and a sure adjustment of costs within the worldwide commodity markets. In consequence, the weakening of the inflationary results of the worldwide financial system on the RA financial system is anticipated.
On the finish of 2022, excessive exercise within the RA financial system was maintained, which continued to be supported by the excessive exterior demand shaped within the service sector. On the similar time, the optimistic tendencies of accelerating export and GDP potential within the service and trade sectors had been maintained. Because of the carried out restraining financial coverage, the appreciation of the dram and the weakening of the inflationary affect from the exterior sector, the overall inflationary atmosphere of RA is steadily softening. Nonetheless, excessive demand remains to be mirrored within the labor market and contributes to the expansion of wages and costs of particular person items and companies.
The Central Financial institution Board considers it acceptable to depart the coverage price unchanged in the interim. The Council will probably be in keeping with satisfactory actions to make sure value stabilization and neutralize any danger of unmooring of inflation expectations. Within the outlined financial coverage state of affairs, the 12-month inflation will steadily lower and stabilize across the goal 4% indicator from the second half of 2023.
The Board of the Central Financial institution estimates that the dangers of deviation of inflation from the deliberate trajectory are largely balanced. In case of any danger manifestation, the Council will adequately reply and make sure the objective of value stability,” the message states.