  Central Bank of Armenia lowers refinancing rate to 8% November 12, 2013 - 18:40 AMT PanARMENIAN.Net - The Central Bank of Armenia (CBA) lowered the refinancing rate by 0,5 pct, to 8%. A 0,3% inflation was posted in October against 1,2% from the year earlier period. The 12-month inflation has dropped to total 7,1% in late October. Inflation decrease tendency is mainly prompted by the CBA’s toughening of money-and-credit terms and lower-than-planned economic growth rate. The CBA Council predicted progressive decrease in the 12-month inflation rate. Also, according to the Council, slower growth rate was triggered by a VAT drop in the construction sector, as well as high inflation environment formed over a hike in energy tariffs.   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 Narek 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.Titus, Bilirakis lead legislation to sanction Azerbaijani war criminals Representatives Dina Titus (D-NV) and Gus Bilirakis (R-FL) have introduced the bipartisan legislation. |
