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More expensive prices of gas and electricity to push inflation by 2.5 percent: Central Bank

10.06.2013 17:56

More expensive prices of gas and electricity to push inflation by 2.5 percent: Central Bank

YEREVAN, June 10. / ARKA /. The chairman of Armenia’s Central Bank, Artur Javadyan, told the parliament today that the rise in the prices of gas and electricity to become effective from July 7 will push the inflation rate by 2.5%.

He said this figure is based upon the findings of a study conducted by the Central Bank. He added also that higher prices for gas and electricity will affect also the monetary policy.

In his words, these changes in view the Central Bank and the government should consider new principles of monetary policy. He argued that such circumstances usually lead to enforcement of tighter monetary policy, but added however, it was too early to speak about a possible increase in the key refinancing rate.

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