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Armenian Central Bank keeps key rate unchanged at 6 percent

28.06.2017 09:16

Armenian Central Bank keeps key rate unchanged at 6 percent

YEREVAN, June 27. /ARKA/. Armenia’s Central Bank decided today to keep the refinancing rate unchanged at 6%. The bank said in a statement that a deflation of 0.2% was recorded in May, down from 0.7% deflation recorded in May of 2016. As a result the 12-month inflation continued to expand, reaching 1.6% at the end of May, 2017.

Since the outlook for world economic growth continues to improve slowly, and some short-term deflationary effects have been observed in international commodity markets, the Central Bank said it did not expect significant inflationary impacts from the external sector in the coming months.

The Central Bank noted also that the high growth pace in the second quarter was prompted by high growth in mining, services and trade sectors. The regulator noted also the gradual recovery of domestic demand saying if macroeconomic developments occur according to the forecasted scenario, monetary conditions will remain unchanged for some time.

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Money transfers to Armenia slash by 38 percent over last three years

26.06.2017 21:45

Money transfers to Armenia slash by 38 percent over last three years

The amount of money transfers sent to Armenia mostly by labor migrant in Russia and some other countries has slashed by 38 percent over the past three years, finance minister Vardan Aramyan

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Armenia’s external reserves up 2 percent in one month to $1.982.2 billion

19.06.2017 21:49

Armenia’s external reserves up 2 percent in one month to $1.982.2 billion

Armenia’s external reserves in May 2017 amounted to $1.982.2 billion, having increased by 2% or $42.7 million from the previous month

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NSS: budget revenue collection rate in five months improves by 1.2 percent to more than 441.4 billion drams

01.07.2016 21:57

NSS:  budget revenue collection rate in five months improves by 1.2 percent to more than 441.4 billion drams

Armenia’s budget revenue collection rate in the first five months of 2016 improved by 1.2 percent from the year ago to more than 441.4 billion drams, according to the National Statistical Service (NSS)

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Central bank’s net domestic assets grew by 7.3 percent

22.06.2016 17:34

Central bank’s net domestic assets grew by 7.3 percent

Armenian Central Bank’s net domestic assets in 2016 Aril were 7.3% higher from the previous month, standing at about 451.1 billion drams, according to the regulator’s monthly bulletin for April 2016

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Transactions by Armenian and foreign banks payment cards drop by 3.6 percent in 2015 April

22.06.2016 17:31

Transactions by Armenian and foreign banks payment cards drop by 3.6 percent in 2015 April

The amount of transactions made by using payment cards issued by Armenian and foreign banks in 2015 April across Armenia decreased by 3.6% from March to about 108.4 billion drams

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U.S. dollar drops by 1.36 percentage point over Armenian dram

23.02.2016 22:51

U.S. dollar drops by 1.36 percentage point over Armenian dram

The average market value of US dollar has dropped today by 1.36 percentage points over the Armenian national currency from February 22 to 493.38 drams, the Central Bank said

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Armenia’s Central Bank cuts key rate by 0.5 percent to 9.75%

10.11.2015 20:12

Armenia’s Central Bank cuts key rate by 0.5 percent to 9.75%

Armenia’s Central Bank said on Tuesday it had cut its key refinancing rate to 9.75 percent from 10.25 percent. The annual inflation in the country was at 1.9 percent in October, down from 3.3 percent in September, according to Central Bank dat

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The 12-month inflation in late September was 3.3 percent

07.10.2015 17:49

The 12-month inflation in late September was 3.3 percent

Consumer prices in 2015 September were 3.3 percent higher from 2014 September, according to the latest numbers, released today by the National Statistical Service of Armenia (NSS)

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Armenia’s monetary base down 0.8 percent in august to 876.6 billion drams

02.10.2015 14:37

Armenia’s monetary base down 0.8 percent in august to 876.6 billion drams

The monetary base in Armenia in 2015 August fell 0.8% from July to about 876.6 billion drams, the National Statistical Service (NSS) said

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