ECB mulls next move as inflation adds to weakness worriesApril 3, 2014 - 13:49 AMT PanARMENIAN.Net - The European Central Bank is mulling its next move as a rock-bottom inflation rate adds to worries about economic weakness in the 18-nation eurozone. The ECB's benchmark refinancing rate already stands at a record-low 0.25 percent. The bank's governing council appears unlikely to cut any further when it meets on Thursday, April 3, though questions remain about whether it might resort in the near future to less conventional measures such as a new round of cheap loans to banks or even large-scale purchases of financial assets. Data released earlier this week showed that inflation across the eurozone dropped to 0.5 percent in March — down from 0.7 percent in February. The third decline in as many months underlined concerns that consumer prices could start to fall outright. Related links: 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 | The Power of One Dram to benefit Road of Life charity The companies inform that the May beneficiary of The Power of One Dram is the “Road of Life” charitable organization. Ucom General Director gives lecture at French University in Armenia The General Director of Ucom Ralph Yirikian delivered a lecture at the French University of Armenia. Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty. Armenia offers to temporarily host, preserve Gaza manuscripts The Armenian Foreign Minister has said Yerevan is ready to help preserve manuscripts from the conflict zone in Gaza. |