Yerevan/Mediamax/. Director of “Alternative” Analytical Center Tatul Manaseryan stated today that toughening of CB monetary-credit policy will not lead to inflation reduction, since oligarchs and monopolies dominate in Armenian economy.

Mediamax reports that, speaking at a news conference in Yerevan today, Tatul Manaseryan said that in order to struggle inflation, state governance bodies should demonstrate coordinated actions, which is not observed according to him.

MP from “Dashnaktsutiun” Ara Nranyan in his turn described the policy of the authorities on deterring inflation with the use of monetary tools as “ridiculous”.

“When inflation in domestic market is mainly conditioned by growth of prices for products in international markets, it is obviously impossible to secure reduction in world prices at the expense of lowering the solvency of Armenian citizens”, Ara Nranyan said, adding that the monetary path of deterring inflation will lead to more negative consequences for the economy.