Republic of Armenia : Sixth Reviews Under the Extended Fund Facility Arrangement and the Extended Credit Facility Arrangement.

This paper discusses the Republic of Armenia's Sixth reviews under the Extended Fund Facility Arrangement, and the Extended Credit Facility Arrangement. The Central Bank of Armenia has kept the policy rate at 8 percent since 2011, and has narrowed the corridor around the policy rate from 600 to...

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书目详细资料
企业作者: International Monetary Fund. Middle East and Central Asia Dept
格式: 杂志
语言:English
出版: Washington, D.C. : International Monetary Fund, 2013.
丛编:IMF Staff Country Reports; Country Report ; No. 2013/238
在线阅读:Full text available on IMF
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520 3 |a This paper discusses the Republic of Armenia's Sixth reviews under the Extended Fund Facility Arrangement, and the Extended Credit Facility Arrangement. The Central Bank of Armenia has kept the policy rate at 8 percent since 2011, and has narrowed the corridor around the policy rate from 600 to 300 basis points while strengthening fine-tuning operations. Interbank interest rates have become less volatile. External adjustment slowed considerably in 2012, and external vulnerabilities persist. The current account deficit improved by just 0.3 percentage points of GDP as exports, and remittances grew at a healthy pace, as did imports. 
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830 0 |a IMF Staff Country Reports; Country Report ;  |v No. 2013/238 
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