  CBA forecasts weakening of internal inflation pressure September 7, 2010 - 19:29 AMT PanARMENIAN.Net - The refinancing rate was left unchanged (7.25%) during the September 7 board meeting of the Central Bank of Armenia. With 1,3% inflation reported in August 2010, the annual inflation rate grossed 9.6%, increasing by 1,8 points compared with last month’s results. According to the board report, increased inflation rate comes as a result of the price upsurge for bakery goods, vegetables and fruit on the world market. However, expert forecast gradual decrease of inflation rate, with continued weakening of internal inflation pressure. Inflation rate within 4±1,5% is envisaged by the budget.   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 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.Aliyev says no need for mediators in Armenia-Azerbaijan process Azerbaijani President Ilham Aliyev believes that Baku and Yerevan do not mediators in the process of normalizing relations.Aram I supports Karekin II’s “patriotic position” Catholicos of the Great House of Cilicia Aram I has expressed support for the Mother See of Holy Etchmiadzin. |
