IMF praises Armenian central bank's tough policy

The IMF accepts and completely supports the tough monetary and credit policy of the Armenian central bank to contain inflation rate in the country, James McHugh, the IMF's resident representative in Armenia, has told Arminfo news agency.

Arminfo quoted him as saying that over the past several months IMF experts and the Central Bank had expressed concern about inflationary tendencies and, therefore, the Central Bank's decision to toughen its policy.

McHugh said that currently a very rapid growth

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