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Monetary policy program of the Republic of Armenia (2010, fourth quarter)Back

07/04/2011
In the beginning of 2011 the macroeconomic situation was characterized by high inflationary environment as influence of expansionary fiscal and monetary policies implemented in 2009 began to appear at the yearend 2009, and it was
expected that in the first quarter of 2010 it would reach its peak. The other factor contributing to the inflationary environment were increased international prices of food and primary goods since the second half of 2009 amid economic recovery.The impact of price increases on the Armenian economy was expected primarily in
the first quarter of 2010.
 
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