Central Bank: Inflation In March To Be 1-1.5%

CENTRAL BANK: INFLATION IN MARCH TO BE 1-1.5%

Panorama.am
13:29 31/03/2009

According to the previsions made by the Central Bank of Armenia
the inflation rate in March will be 1-1.5% in the state, announced
the Vice President of the CB Vache Gabrielyan in a meeting with the
journalists today.

"We are looking forward to inflation pressure, which is to
say that the interests will not be significantly reduced," said
V. Gabrielyan. Taking into account "non pink perspectives" of the
economic development Central Bank does not exclude that the interests
will be reduced during the year.

"Much will depend on inflation," he said.