Annual Report 2019
3.0
Figure 1:
In 2019 low inflation environment persisted
2.5
2.0
1.5
1.0
0.5
0.0-
T
T
12
1
2
3
5
6
7
9
10
11
12
2019
12-month inflation rate
12-month core inflation rate
In view of the aforementioned developments and inflation
environment keeping low, the Central Bank has slightly added to
stimulative monetary conditions by cutting the refinancing rate twice
- in the first and third quarters - by 0.25 pp each time. At the same
time, the Central Bank continued to signal to the financial market that
in view of predicted macroeconomic developments, the monetary
stance will remain expansionary for as long as required, in order to
achieve the inflation target in the medium run.
ANNUAL
REPORT 2019
29
COOPERATION WITH I
INSTITUTIONAL
NTERNATIONAL ORGANIZATIONS
DEVELOPMENT
OTHER OBJECTIVES OF
THE BANK
MAIN
CENTRAL BANK OF
OBJECTIVES
THE REPUBLIC OF ARMENIAView entire presentation