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  CBA forecasts weakening of internal inflation pressure September 7, 2010 - 19:29 AMT PanARMENIAN.Net - The refinancing rate was left unchanged (7.25%) during the September 7 board meeting of the Central Bank of Armenia. With 1,3% inflation reported in August 2010, the annual inflation rate grossed 9.6%, increasing by 1,8 points compared with last month’s results. According to the board report, increased inflation rate comes as a result of the price upsurge for bakery goods, vegetables and fruit on the world market. However, expert forecast gradual decrease of inflation rate, with continued weakening of internal inflation pressure. Inflation rate within 4±1,5% is envisaged by the budget.  Top stories The market average rate of USD totaled AMD 388,20 on Feb 2, increasing by 0.89 point compared to Feb 2. Armenian Prime Minister: though Armenia has no oil deposits, it has other more important resources such as human capital. India, Iran's second-biggest oil client after China, buys 12 percent of its oil needs from the Islamic nation. Libya had still only recovered a fraction of the $100 bln in assets frozen overseas during the country's bitter civil war.   |  Latest news Micron CEO Steve Appleton dies in plane crash  Appleton’s death i major loss for U.S. memory chipmaker struggling with sluggish computer sales and declining prices.U.S. Congressmen press Clinton to renounce her recent remarks on Genocide At a recent department-wide meeting, Secretary of State mischaracterized the Armenian Genocide as a “historical debate.”U.S. Reps. Wolf, Chu commemorate Armenian massacre in Azerbaijan “Between 1988 and 1990, the Armenian population was the target of racially motivated pogroms in Azerbaijan,” Judy Chu said.Armenian place of worship demolished in Turkey Malatya Mayor Ahmet Çakır gave verbal permission for building the place of worship on orders by Malatya Governor Ulvi Saran. |
