ArmInfo.On June 13, Armenia's Central Bank (CBA) decided to reduce the refinancing rate by 0.25  percentage point - from 10.75% ?? 10.5% - after a 2-year-long upward trend, with a maximum historical level recorded late in 2022. 

ArmInfo.The IMF Executive Board completed the first review under the Stand-By Arrangement (SBA) with  Armenia, providing the country with access to about US$24.5 million.

ArmInfo. The monetary policy of Armenia's Central Bank (CBA) has reached "a important critical point," CBA Chairman Martyn Galstyan stated at a meeting of the Standing Committee on  Financial-Credit and Budgetary Affairs, Parliament of Armenia, as he  spoke of the inflationary trends in Armenia. 

ArmInfo.

ArmInfo. The World Bank has improved its forecast for GDP growth in Armenia for 2023 from the  previous 4.1% to the updated 4.4% (against the actual 12.6% growth in 2022), expecting an acceleration in 2024 to 4.8% and up to 5%. in 2025). This is noted in the WB's Flagship Report on Global Economic Prospects for June 2023.

ArmInfo.

ArmInfo.

ArmInfo. At the end of 2023, Armenia will register the second largest economic growth among the  EAEU countries, but at the same time the lowest inflation. This is the forecast of Eurasian Development Bank (EDB) analysts, which is included in the  Macroeconomic Outlook of 6 EAEU member countries published today.

ArmInfo. In Armenia, the growth of economic activity in January- April 2023 accelerated to 12.2% per  annum, against the 2.1-fold increase in exports and by 93.9% in  imports.

ArmInfo. The European Bank for Reconstruction and Developmemnt (EBRD) has improved the GDP growth  forecast from 4% to 5%, with the same GDP growth rate expected in 2024 (against the previously forecast 4.8%), according to the EBRD Regional Economic Prospects in the EBRD Regions. High inflation weighs on purchasing power of households."

ArmInfo. The 12-month inflation has increased significantly since March 2022, reaching 10.3% at the  end of the second quarter, and then, as a result of the implemented monetary policy, it gradually decreased and reached 8.3% at the end of the year. This was stated by the Deputy Governor of the Central  Bank Armen Nurbekyan at May 15 sitting of the NA Standing Committee on Financial-Credit and Budgetary Affairs, presenting the annual report on the activity of the RA Central Bank.

ArmInfo.

ArmInfo.Speaking at the presentation of the International Monetary Fund (IMF) report  "Ensuring Macroeconomic Stability in the Caucasus and Central Asia in  the Conditions of Ongoing Uncertainty" in Astana, Deputy Governor at  Central Bank of Armenia Armen Nurbenkyan mentioned three key factors  ensuring the growth of Armenia's economy last year.

ArmInfo. In April 2023, y-o-y inflation in Armenia's consumer market dropped to 3.2% (from 8.4% in  April 2022). This was largely due to last year's significant drop in inflation in the food market, and to a lesser extent in non-food products, as service tariffs continued to rise rapidly.  This is evidenced by the data of the Statistical Committee of the Republic of Armenia.

ArmInfo. The scenario of the planned monetary policy (MP) of the Central Bank of RA envisages a rapid  decline in y-o-y inflation, which will be below the target level in the near future, and will stabilize at the target level of 4% in the medium term. Head of the Central Bank of the Republic of Armenia Martin Galstyan stated on May 2 during a press conference, presenting the rationale for the regulatory decision to keep the refinancing  rate at the level of 10.75%.

ArmInfo."Certain processes in the service sector lead us to believe that we have not yet won a  final victory in the fight against inflation," Governor of the Central Bank of Armenia, Martin Galstyan said during a press conference today.

ArmInfo.

ArmInfo. In March of this year, a  new high of registered jobs was recorded in the history of the Third  Republic, RA Prime Minister Nikol Pashinyan said at a government  meeting on April 27.

ArmInfo.The situation in the labor market of Armenia continues to be active. Armenian Minister of  Economy Vahan Kerobyan announced this on his Facebook page, referring to the data registered for March of this year.

ArmInfo.About $24.8 million of the stand-by loan will become available to Armenia after the meeting of the Board of the International Monetary Fund (IMF) in mid- June  this year. This is noted in the message of the IMF.