Central Bank of Armenia keeps refinancing rate unchangedJune 8, 2010 - 18:40 AMT PanARMENIAN.Net - At the June 8 session, the Central Bank board resolved to keep the current refinancing rate unchanged, the RA CB press service reported. 1% inflation rate was recorded in May 2010, as a result of which the annual inflation index decreased by 0.5% as compared with the same index in April, totaling 6.3%. The Board believes that though the inflation environment persists, the inflation rate will decrease soon with respect to drop in international prices for raw materials and foodstuffs, as well as the current behavior of the AMD exchange rate. The Board also noted that debt problems of several European countries have significantly contributed to the uncertainty in international prices for raw materials and foodstuffs. Besides, prices for seasonal agricultural products are still unclear. Thus, the Board believes that it is expedient to refrain from changing the credit-monetary conditions. 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 | 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 province 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. |