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Armenian CB chairman: central banks do their best to look through temporary supply shocks

28.10.2021 12:07

Armenian CB chairman: central banks do their best to look through temporary supply shocks

YEREVAN, October 28, /ARKA/. The main drivers of the inflation at this point are international food and energy prices, said the Chairman of the Central Bank of Armenia Martin Galstyan during a webinar based on the materials of the new IMF report titled Regional Economic Outlook: Middle East and Central Asia.

He said in case of Armenia this accounts for almost half of the inflation acceleration this year. The exchange rate depreciation since the COVID outbreak and a decrease in demand -all of these factors are linked and the recovery in demand is partly due to our policies.

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Russian banks safeguarded against external shocks; CB head says

26.07.2012 18:21

Structural changes in the balance sheets of Russian banks since the 2008 crisis have strengthened

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