ArmInfo. The National Assembly of Armenia at an extraordinary meeting on December 21 elected Deputy Governor of the Central Bank of the Republic of Armenia and a new member of the Board of the Central Bank.
The ruling "Civil Contract" faction nominated Armen Nurbekyan for the position of Governor of the Central Bank, and Narek Ghazaryan- for the position of the Member of the Board of the Central Bank. Both applicants received 70 votes of MPs.
A day earlier, presenting his vision of the development of the country's banking system, Armen Nurbekyan, who worked for the Central Bank for most of his career, considered it important to return inflation to the target level of 4% (+_ 1.5%). He expressed confidence that the Central Bank will use all monetary policy tools to achieve this goal. He also stressed that the Central Bank is ready for various scenarios for the development of events to ensure the stability of the country's financial system. He also called it important for the Central Bank to provide wider communication with the public in order to be understood by the population, to be able to create feedback mechanisms with them.
In turn, yesteraday, newly elected member of the Board of the Central Bank Narek Ghazaryan noted that as of November, the lowest inflation among the countries of the region was recorded in the Republic of Armenia. He noted that in the context of a significant slowdown in global economic growth, the continued weakening of inflationary pressure from external markets, as well as weakening aggregate demand, a gradual decrease in inflation should be expected in the Armenian economy, which in the second half of 2023 will approach the target level.
It should be noted that the Board of the Central Bank consists of the Governor of the Central Bank, two of his deputies and five members of the Board, who are elected by the National Assembly of the Republic of Armenia for a period of six years.
