Head of the Central Bank of Armenia Arthur Javadyan confirmed his forecasts regarding 2011 inflation index.

“I do not want to sound too optimistic but we will do our utmost to secure inflation level at 5.5%,” he said when presenting the outcomes of 2010 and presenting the Central Bank’s projections for 2011.

According to the forecasts, during the first 6 months of the year inflation will remain at 9%. “In summer, deflation will be registered. Certainly, there are some risks related to natural conditions and sharp increase of global food prices. But we will respond adequately in the framework of our monetary policy,” Javadyan said.