Almost half of Armenia’s banks and credit organizations project 12-month inflation at 2,5- 5,5%

23.05.2012 13:34
Almost half of Armenia’s banks and credit organizations project 12-month inflation at 2,5- 5,5%

YEREVAN, May 23./ARKA/. Some 48% of commercial banks of Armenia and 43.3% of credit organizations project the inflation at 2.5- 5.5% within the next 12 months, the monetary-credit report published by the Central Bank for the first quarter of 2012 informs.

Twelve-month inflation drop tendency stayed unchanged in the first quarter of this year, and by late March the inflation confirmed 2.2% that is within the projected 4 ±1,5%.

According to the report, the forecasts made by the banks are almost the same of those made in the fourth quarter, whereas the credit organizations downgraded their prognosis by 8.7 p.p. from the previous quarter. Moreover, 33% of the 32 organizations of Armenia and 43% out of 21 banks expect 12-month inflation at 5.5-8.5%.

The survey among banks and credit organizations show that interest rates of the financial market will remain at the stable level.—0--


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