ArmInfo. Consumer demand in the market remains high, but not at a level that would lead to a change in the monetary policy of the Central Bank of Armenia. Governor of the Central Bank of the Republic of Armenia Martin Galstyan stated on April 30 during a press conference.
"We believe that there are prevailing risks that limit economic development and give an indication that inflation will remain low," he said.
Speaking about external demand, Galstyan noticed two phenomena. In particular, the head of the Central Bank noted that in March 2024, 3% fewer tourists visited Armenia than a year earlier in the same period. At the same time, according to him, the expenses made by one tourist in Armenia have decreased compared to last year. "In other words, external demand is more restrained than last year," Galstyan said.
He also pointed to other financial inflows into Armenia. "We are talking about commercial operations: import of goods, part of which is exported.
These inflows have a certain impact on supply," the head of the Central Bank emphasized.
