  CBA keeps refinancing rate unchanged at 8.5% June 7, 2011 - 13:16 AMT PanARMENIAN.Net - During the June 7 sitting, the Board of the Central Bank of Armenia (CBA) made a decision to keep the refinancing rate unchanged at 8.5%. 0.04% inflation rate was recorded in May 2011, as a result of which the annual inflation rate grew by 0.1% to make 9%, the CBA press service reported. The CBA Board believes that the possibility of inflation environment expansion is rather low, while its suppression is possible due to interest rates established in the market. Thus, the inflation rate will range during the forecasted period within the acceptable interval of fluctuations - 4%±1.5.   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 |  Latest news Government reveals details from Pashinyan’s meeting in border village  Prime Minister Nikol Pashinyan has met with a group of residents of a border village in Armenia’s northern Tavush provinceNarek Manasyan wins European Boxing Championships silver for Armenia Armenia’s Narek Manasyan (92kg) won Armenia’s second silver medal at the European Boxing Championships 2024 on April 28.Blinken urges Azerbaijan to continue negotiations with Armenia Secretary of State Antony J. Blinken has urged Azerbaijani President Ilham Aliyev to continue negotiations with Armenia.Pashinyan, Blinken talk Armenia-U.S. ties over the phone Prime Minister Nikol Pashinyan had a phone conversation with US Secretary of State Antony Blinken on April 28, Pashinyan’s office reports. |
