Tweet
PRIME MINISTER OF ARMENIA: IN 2010 ARMENIAN CENTRAL BANK TO BE FORCED TO MAKE THE MONETARY POLICY MORE SEVERE SO THAT TO CRACK DOWN ON INFLATION
ArmInfo
01.06.2010
ArmInfo. down on inflation, Prime Minister of Armenia Tigran Sarkisyan
said today when meeting Armenian students.
He also added that cracking down on inflation is the most important
task this year. In 2010 the Armenian economy is expected to grow fast
after sharp falling last year. This will cause additional inflation
pressure, he said. Tigran Sarkisyan said after falling of GDP by 14,2%
in 2009, it grew by 7,2% in Jan-April 2010. The inflation in the 1Q was
about 9% versus the same period of 2009, he said and added that 8-9%
inflation for Armenia, which did not exceed 3% before the crisis,
is a very big indicator. 'Today we have changed the monetary policy
and it is more moderate. The expert assessments prove that inflation
pressure will drop till the end of the year', - Tigran Sarkisyan said.
From: A. Papazian
ArmInfo
01.06.2010
ArmInfo. down on inflation, Prime Minister of Armenia Tigran Sarkisyan
said today when meeting Armenian students.
He also added that cracking down on inflation is the most important
task this year. In 2010 the Armenian economy is expected to grow fast
after sharp falling last year. This will cause additional inflation
pressure, he said. Tigran Sarkisyan said after falling of GDP by 14,2%
in 2009, it grew by 7,2% in Jan-April 2010. The inflation in the 1Q was
about 9% versus the same period of 2009, he said and added that 8-9%
inflation for Armenia, which did not exceed 3% before the crisis,
is a very big indicator. 'Today we have changed the monetary policy
and it is more moderate. The expert assessments prove that inflation
pressure will drop till the end of the year', - Tigran Sarkisyan said.
From: A. Papazian