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VACHE GABRIELYAN SAYS HIGH INFLATION WORRYING
ARMENPRESS
FEBRUARY 28, 2011
YEREVAN
YEREVAN, FEBRUARY 28, ARMENPRESS: The high index of inflation in the
Republic is worrying: in January, we had more than 2% inflation, and
the inflation will be approximately 1% February, RA Finance Minister
Vache Gabrielyan said today at a meeting with journalists.
"Monetary-credit policy is involved in the list of measures to be
implemented in parallel with tax-budget policy. At the same time,
we do our best to lead a policy, which requires less expense. The
Central Bank undertakes steps for alleviating the inflation. In
particular, interests have been increased; however we face issues
in two directions, as inflation, being a global phenomenon, comes
from supply, and actually, both the monetary-credit and tax-budget
policies alleviate the inflation through regulation of demand,"
the minister said.
Vache Gabrielyan reminded about a recent G-20 analysis, according
to which the increase in basic food prices was connected with both
the drought of Russia and the reduction of the intended volume of
production in other countries.
As to the RA government's projects for controlling of the inflation,
the minister emphasized the provision of barley and Indian corn to
villagers for increasing sowing areas.
From: A. Papazian
ARMENPRESS
FEBRUARY 28, 2011
YEREVAN
YEREVAN, FEBRUARY 28, ARMENPRESS: The high index of inflation in the
Republic is worrying: in January, we had more than 2% inflation, and
the inflation will be approximately 1% February, RA Finance Minister
Vache Gabrielyan said today at a meeting with journalists.
"Monetary-credit policy is involved in the list of measures to be
implemented in parallel with tax-budget policy. At the same time,
we do our best to lead a policy, which requires less expense. The
Central Bank undertakes steps for alleviating the inflation. In
particular, interests have been increased; however we face issues
in two directions, as inflation, being a global phenomenon, comes
from supply, and actually, both the monetary-credit and tax-budget
policies alleviate the inflation through regulation of demand,"
the minister said.
Vache Gabrielyan reminded about a recent G-20 analysis, according
to which the increase in basic food prices was connected with both
the drought of Russia and the reduction of the intended volume of
production in other countries.
As to the RA government's projects for controlling of the inflation,
the minister emphasized the provision of barley and Indian corn to
villagers for increasing sowing areas.
From: A. Papazian