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 | Erdogan wants “realistic road map” for relations with Armenia Turkish President Recep Tayyip Erdogan has called for a “new realistic road map” for relations with Armenia. Armenia-Azerbaijan: Experts launch work on determining coordinates Expert groups from the countries started the process of determining the coordinates based on geodetic measurements. Yerevan says did not expect CSTO in peacekeeping role Pashinyan has declared that the CSTO would be expected to come to the Armenia-Azerbaijan border as an ally of Armenia Henrikh Mkhitaryan wins Serie A title with Inter Inter Milan midfielder Henrikh Mkhitaryan admits that the team have long been imagining clinching Serie A against AC Milan. |