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 | European Parliament to discuss repression in Azerbaijan The European Parliament will discuss repression of civil society in Azerbaijan on April 24 PACE wants concessions from Azerbaijan to accept Baku back A PACE co-rapporteur said that Azerbaijani authorities must make certain concessions so that the country can return to PACE. Cyprus parliament honors Armenian genocide victims Acting House President Zacharias Koulias noted that April 24 marks the “black anniversary” of the Armenian genocide. Armenia PM, France envoy discuss regional matters Issues related to the consistent development of Armenia-France cooperation were discussed. |