ArmInfo.Experts of the Eurasian Development Bank (EDB) forecast near-zero inflation for the third quarter of this year. Among the factors are AMD appreciation, reduced price pressure and monetary restraints.
The CB decided to reduce the refinancing rate by 0.25% for the second time down to 10.25%.
According to research, this July saw a 0.1% price reduction, after a 0.5% price reduction a month earlier, due to lower inflation in the food market (3.9% reduction this July against last July after a 5.1% reduction a months earlier), due to lower prices for imported products. Prices for imported fuel showed a 7.2% reduction, with a lower rise in prices for nonfoods and services.
The EDB recalls Fitch Ratings has upgraded Armenia's Long-Term Foreign-Currency Issuer Default Rating (IDR) to 'BB-' from 'B+'. The Outlook is Stable.
