YEREVAN. – During the Armenian Cabinet’s session on Thursday, PM Tigran Sargsyan responded very harshly to former FM and Prosperous Armenia Party member Vartan Oskanian’s pre-election campaign criticisms, according to which the Central Bank and the Government are not coordinating their activities very effectively.     

“These evaluations are much uninformed, and they are not consistent with our laws and the international track-record alike,” Sargsyan said. 

In his words, the Central Bank’s key objective is to restrain inflation, whereas the Government’s key objective is to put emphasis on economic growth. Consequently, these two different objectives cause a dispute between the Bank and the Government.  

“These are groundless criticisms. People simply do not understand what it means to coordinate monetary and fiscal policies,” Armenia’s PM stated.