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CB says inflation to reduce in second half of the year
YEREVAN, MARCH 12, ARMENPRESS: The Board of the Armenian Central Bank
is concerned with the expansion of inflation environment the
continuation of which is agreed with the recent developments in the
international markets, high prices preserved as a result of the
reduction of the offer for agricultural products in 2010. March 4 the
Board decided to increase the re-financing interest rate with 0.5%
making it 8.25%.
`No decrease of tempo of inflation is being registered but in the
second quarter we are expecting it and on the second half of the year
the noticeable reduction of prices will be real,' Arthur Stepanyan,
head of the finance-crediting policy department of the Central Bank,
said today at a news conference. Essentially the risks and forecasts
registered in the finance-crediting policy of the first quarter of
2011 are being realized. In February 1.9 inflation has been registered
as a result of which the 12-month inflation rate reached 12.4%.
From: A. Papazian
YEREVAN, MARCH 12, ARMENPRESS: The Board of the Armenian Central Bank
is concerned with the expansion of inflation environment the
continuation of which is agreed with the recent developments in the
international markets, high prices preserved as a result of the
reduction of the offer for agricultural products in 2010. March 4 the
Board decided to increase the re-financing interest rate with 0.5%
making it 8.25%.
`No decrease of tempo of inflation is being registered but in the
second quarter we are expecting it and on the second half of the year
the noticeable reduction of prices will be real,' Arthur Stepanyan,
head of the finance-crediting policy department of the Central Bank,
said today at a news conference. Essentially the risks and forecasts
registered in the finance-crediting policy of the first quarter of
2011 are being realized. In February 1.9 inflation has been registered
as a result of which the 12-month inflation rate reached 12.4%.
From: A. Papazian