All news related to Russian ruble

Armenia’s monetary policy to be more effective if it partially oriented to Russian ruble exchange rate

12.07.2017 14:22

Armenia’s monetary policy to be more effective if it partially oriented to Russian ruble exchange rate

YEREVAN, July 11. /ARKA/. Monetary policies of Armenia, Belarus, Kazakhstan and Kyrgyzstan will be more effective if they will partially be oriented to the exchange rate of the Russian ruble, the Eurasian Development Bank's Center for Integration Studies says in its report about fluctuations in foreign exchange rates in 2014 and 2015, which contains analyses and recommendations.

The center's specialists are convinced that this measure would deter exchange rates from dramatic deviations.

In 2006, the Central Bank of Armenia started ensuring price stability and pursuing an inflation targeting policy from 3% target maximum. From 2008 until now inflation is projected at 4±1.5%.

Views: 3208

Categories: Exchange market, General news, News, News of the hour, Новости | Comments Off on Armenia’s monetary policy to be more effective if it partially oriented to Russian ruble exchange rate

Tags: , , ,

Read more