Finance

OIL:  BRENT - 81.74+1.92 WTI - 74.87+1.82
COMEX:  GOLD - 1885.30-0.27 SILVER - 22.32-0.98
COMEX:  PLATINUM - 978.40-0.30
LME:  ALUMINIUM - 2533.50-1.40 COPPER - 8871.50-1.21
LME:  NICKEL - 27258.00-4.73 TIN - 26880.00-5.28
LME:  LEAD - 2100.00+0.02 ZINC - 3131.00-3.41
FOREX:  USD/JPY - 132.31+0.39 EUR/GBP - 1.0733-0.48
FOREX:  EUR/USD - 1.0733-0.48 GBP/USD - 1.2041-0.17
STOCKS RUS:  RTSI - 1007.15+0.46
STOCKS US: DOW JONES - 33891.02-0.10 NASDAQ - 11887.45-1.00
STOCKS US: S&P 500 - 4111.08-0.61
STOCKS JAPAN:  NIKKEI - 27693.65+0.67 TOPIX - 1979.22+0.45
STOCKS CHINA:  HANG SENG - 21222.16-2.02 SSEC - 3238.70-0.76
STOCKS EUR:  FTSE100 - 7836.71-0.82 CAC40 - 7137.10-1.34
STOCKS EUR:  DAX - 15345.91-0.84
06/02/2023  CBA:  USD - 396.62+0.14 GBP - 477.05-8.96
06/02/2023  CBA:  EURO - 426.96-6.63
06/02/2023  CBA:  GOLD - 23913.77-581.75 SILVER - 299.54-11.94
February, 2023
February 2023
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
2728  
Central Bank of Armenia: Refinancing Rate Set at 9.25%
15/03/2022 20:35 0.1K

Central Bank of Armenia: Refinancing Rate Set at 9.25%

At the March 15, 2022 meeting, the CBA Board decided to raisee the refinancing rate by 1.25 percentage points, setting it at 9.25%.

In February 2022, both 12-month and natural inflation fell in line with the CBA projection, totaling 6.5% and 6.4%, respectively.

In the external sector, in the context of the Russian-Ukrainian military conflict, various sanctions have been imposed on Russia’s economy. As a result, a significant increase in financial market volatility and uncertainty about economic prospects was observed. In the United States and the Eurozone slowdown of economic growth is expected this year, and economic decline is expected in Russia. At the same time, the disruption of the reviewed supply chains in the international commodity and food markets has caused a significant increase in prices. This is reflected in the formation of a higher-than-expected inflationary environment in partner countries. As a result, a mainly inflationary impact is expected on the Armenian economy from the external sector.

The impact of the sanctions imposed on Russia, will be reflected in the significant slowdown of economic growth in Armenia. This will be mostly conditioned by the industrial decline. Total demand will be affected by declining remittances and sluggish external demand. A positive contribution from tourism sector is expected. Growing geopolitical risks in the region and the high uncertainty has led to increased volatility in the Armenian financial markets and bigger risk premium. The existing uncertainties were reflected in the inflation dynamics and inflation expectations as well.

In view of the above, the Board judges appropriate to increase the refinancing rate by a relatively large step. The Board considers that amid the economic outlook uncertainties and provided the risks of rising inflation expectations persist, the need for possible tightening of monetary conditions in the near future will be considered as well. Due to this policy actions, 12-month inflation will gradually decrease and reach the target of 4% in the forecast horizon.

The CBA Board considers that as a result of the geopolitical developments, the uncertainty in terms of macroeconomic perspective has significantly expanded. At the same time, the risks of inflation deviation from the projected trajectory are mainly balanced. Should the risks materialize in any direction, the Board stands ready to respond accordingly in fulfilment of the price stability objective.

Detailed information on the basis for determining the interest rate can be found in the Inflation Report to be published by March 29, 2022 (Monetary Policy Plan for the first quarter of 2022).

Beeline Armenia - Telecommunication services for your business.
AMD Rates
10:30 07/02 Buy Sell
AMD / USD 398.00 401.00
AMD / EUR 425.00 430.00
AMD / RUR 5.50 5.63
dollars
dollars
CBA Rates
06/02/2023
USD / AMD
396.62
+0.14%
EUR / AMD
426.96
-6.63%
RUR / AMD
5.61
-0.02%
GBP / AMD
477.05
-8.96%
Cryptocurrencies
10:30 07/02
BTC/AMD
9,094,854
+0.69%
BTC/USD
22930.90
+0.65%
ETH/USD
1635.14
+0.68%
BCH/USD
132.80
+0.00%
XRP/USD
0.396426
-0.73%
LTC/USD
99.18
+3.51%
BNB/USD
328.09
+1.26%
DOGE/USD
0.090888
-0.98%
ETH/BTC
0.071311602
+0.05%
BCH/BTC
0.005791772
-0.62%
XRP/BTC
0.000017289
-1.35%
LTC/BTC
0.004325637
+2.87%
BNB/BTC
0.014308878
+0.63%
DOGE/BTC
0.000003964
-1.59%
CBA Metals
06/02/2023
dram / gram
Gold
23913.77
-581.75%
Silver
299.54
-11.94%
FOREX
09:43 07/02
EUR/USD
1.0733
-0.48%
GBP/USD
1.2041
-0.17%
USD/JPY
132.31
+0.39%
EUR/GBP
0.8913
-0.29%
Oil
09:43 07/02
$ / barrel
Brent
81.74
+1.92%
Light Sweet
74.87
+1.82%
COMEX
09:43 07/02
$ / tr. oz
Gold
1885.30
-0.27%
Silver
22.32
-0.98%
Platinum
978.40
-0.30%
LME / 3M
09:43 07/02
$ / tonne
Aluminium
2533.50
-1.40%
Copper
8871.50
-1.21%
Nickel
27258.00
-4.73%
Tin
26880.00
-5.28%
Lead
2100.00
+0.02%
Zinc
3131.00
-3.41%
Molybdenum
83555.10
+1.28%
Cobalt
38920.00
+0.00%
Indexes
09:43 07/02
point
Dow Jones
33891.02
-0.10%
S&P 500
4111.08
-0.61%
NASDAQ
11887.45
-1.00%
FTSE
7836.71
-0.82%
CAC 40
7137.10
-1.34%
DAX
15345.91
-0.84%
RTSI
1007.15
+0.46%
Nikkei
27693.65
+0.67%
Topix
1979.22
+0.45%
Hang Seng
21222.16
-2.02%
SSEC
3238.70
-0.76%
CBA Interest Rates
26/03/2020
Refinancing
Refinancing Rate
10.75
+0.00%
Lombard Repo
Lombard Repo Rate
12.25
+0.00%
Deposit
Deposit Rate
9.25
+0.00%
Macroeconomy
12/2022
CEA
Coefficient of Economic Activity
+8.90%
Ind. Prod. 3
Volume of Industrial Production
2,681.7
+7.80%
Export 1
Export
5,360.1
+77.7%
Import 1
Import
8,768.7
+63.5%
CPI
Consumer price index
+8.60
Avg. Salary 2
Average salary
235,576
+15.50%
Services 3
Volume of services
2,575.8
+28.2%
Construction 3
Volume of construction
541.11
+12.50%
1 - mln AMD, 2 - AMD, 3 - bln AMD