Armenia central bank cuts key refinancing rate by 1%September 27, 2016 - 18:19 AMT PanARMENIAN.Net - Armenia's central bank said on Tuesday, September 27 it had decided to cut its refinancing rateby 1% - to 6.75% from 7.2%. Annual deflation in the country was at 1.9% in August, compared to 1.3% deflation in July, according to central bank data. Monthly deflation in August was 0.%, compared to 2.3% deflation in July. The government forecasts annual inflation in a 2.5-5.5% range in 2016, the same as last year's target. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Russia clarifying reports on Baku’s alleged arms supply to Ukraine Russia says is carefully working to verify reports about alleged arms supplies from Azerbaijan to Ukraine Russia warns Armenia against “falling into West’s trap” Zakharova maintained, however, that anything that will benefit the people of Armenia can only be welcomed. CSTO: Armenia has not participated in secretariat’s work recently Recently Armenia has not participated in the work of the secretariat of the CSTO, Imangali Tasmagambetov said. Meeting with U.S., EU not against third parties, says Armenia The meeting scheduled for April 5 is dedicated to strengthening of the Armenia-EU-US cooperation, Yerevan added. |