CBA ASSESSES THE LEVEL OF INFLATION AS NORMAL
Liana Yeghiazaryan
"Radiolur"
11.03.2010 18:25
Head of Monetary-Credit Policy Department of the Central Bank of
Armenia Artur Stepanyan refuted today the suppositions on inevitable
increase of inflation.
Artur Stepanyan told reporters today that "the 9.4% inflation as a
result of 12 months, registered in February, is a peak index."
According to him, following the results of this and following months,
the inflation will be far lower, as compared to the analogous indices
of 2009, even taking into consideration the increase of gas tariffs
due in April.
He noted that according to CBA assessments, the inflation index in May,
following the results of 12 months, will make 7-8%.
He stressed that, just like in 2009, in 2010 the Central Bank will
balance economy growth and inflation, since it realizes that "the
relatively stable index of inflation to significant extent contributes
to stable economic growth."