Armenia central bank keeps interest rate unchanged at 6%December 26, 2017 - 17:28 AMT PanARMENIAN.Net - Armenia’s central bank said on Tuesday, November 26 it had decided to keep its key refinancing rate unchanged at 6% for the seventh time. Interest rate in Armenia averaged 7.81% from 2010 until 2017, reaching an all time high of 10.5% in February of 2015 and a record low of 6% in February of 2017. Consumer prices in Armenia rose by 2% in November month-on-month, and by 2.2% year-on-year. According to the central bank, the economic growth registered in January-September year-on-year was close to what was predicted. Armenia saw just a 0.2% economic growth in 2016. Initially, the government forecast a 3.2% growth for 2017, but revised for a better picture later in the year. 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 | Russia clarifying reports on Baku’s alleged arms supply to Ukraine Russia says is carefully working to verify reports about alleged arms supplies from Azerbaijan to Ukraine Russia warns Armenia against “falling into West’s trap” Zakharova maintained, however, that anything that will benefit the people of Armenia can only be welcomed. CSTO: Armenia has not participated in secretariat’s work recently Recently Armenia has not participated in the work of the secretariat of the CSTO, Imangali Tasmagambetov said. Meeting with U.S., EU not against third parties, says Armenia The meeting scheduled for April 5 is dedicated to strengthening of the Armenia-EU-US cooperation, Yerevan added. |