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Armenian Central Bank posts 2008 inflation forecast
RBC, 18.12.2007, Erevan 19:25:24.Armenia's inflation is expected to reach 5.4 percent by the end of 2008, while a rate of 6.6 percent is projected in the first half of 2008, the Central Bank of Armenia reported. However, the figure could exceed the target if international oil and food prices turn out to be higher than expected. Higher interest rates could affect inflation in the same way. Armenia's inflation rate could also correct downwards if exports in a foreign currency increase, or if the national currency strengthens, the ARKA news agency reported.
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