24.02.2014 19:40
YEREVAN, February 24. / ARKA /. Armenia’s Central Bank has forecast a 2.5%-5.5% inflation for this year. In 2013 the 12-month inflation rate was 5.6 %, which almost coincided with the upper threshold of the permissible fluctuation.
According to the regulator’s forecast, in 2014 the 12-month inflation will continue to decline to drop to the lowest threshold of permissible fluctuation in the third quarter.
The drop, according to the regulator, will be mainly due to the weakening conditions of monetary policy and the results of the expanded fiscal policy; in the forecast horizon the inflation will range within the targeted indicators.
In these circumstances, in the first quarter the Central Bank will continue weakening the conditions of monetary policy in response to still ongoing low economic activity and easing inflationary environment.
The government expects a 5.2 % GDP growth this year. The projected inflation rate is 4% (±1,5%). -0-
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