CBA predicts a 4% inflation in 2014

Hasmik Dilanyan
Public Radio of Armenia

The Central Bank of Armenia predicts a 4% inflation in 2014. The GDP growth is expected to stand at 5.4-6.1%, Chief of the Monetary-Crediting Policy Department of the Central Bank of Armenia Vahagn Grigoryan told reporters today.

“According to our forecasts, private consumption and private investment will speed up this year reaching 5% and 4% respectively,” he said. “Exports and imports will retain their growth speed – exports will grow faster than imports, and individual money transfers’ growth is expected to remain unchanged.”

The CBA refrains from predicting the rise in prices after joining the Customs Union, saying the talks are still under way.

Representative of the same department Arthur Stepanyan assured that there are no plans about introducing a common currency in the Customs Union.

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