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 | 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. |