Central bank of Armenia approved the program of monetary-credit policy for the 4th Quarter of 2011

08.11.2011 19:59
Central bank of Armenia approved the program of monetary-credit policy for the 4th Quarter of 2011

YEREVAN, November 8. /ARKA/. CBA Board of Armenia approved the program of monetary-credit policy for the forth quarter of 2011, press-service of CBA informed ARKA News Agency.

According to the program of monetary-credit policy for the third quarter approved at the beginning of May, where tendencies of development of the main branches of Armenian economy by the end of 2011 were forecasted, economic growth of Armenia is envisaged in the amount of 4.7-5.5%.

In construction sphere, real value added growth was forecasted in the range of 0.6-2.6% and industry – 8.3-10.3%.

In the sphere of services, CBA forecasted growth by the end of the year in the range of 3-5%.

Forecasts in agriculture were optimistic reaching 6.1-8.1%. –0—


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