Refinancing interest rate to decrease 0,25 pointsApril 7, 2009 - 19:44 AMT PanARMENIAN.Net - In accordance with Apr. 7 sitting results, CBA decreased refinancing interest rate by 0,25 points, fixing it at 7.50%.In March 2009 1.4% inflation was registered compared to February results. According to CBA council, regardless of dram devaluation in March, inflation went below the level forecasted. At the same time, reduction of external demand, lowering of financial inflows and current unfavorable trade conditions had a negative influence on economy growth rates. CBA council is unanimous that current and forecasted macroeconomic conditions, maintaining of low inflation rate and assistance to economy activation need expanded monetary policy introduction. To this purpose, combination of interest rate reduction and expansion of volumes should be implemented. 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 | The Power of One Dram to benefit Road of Life charity The companies inform that the May beneficiary of The Power of One Dram is the “Road of Life” charitable organization. Ucom General Director gives lecture at French University in Armenia The General Director of Ucom Ralph Yirikian delivered a lecture at the French University of Armenia. 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. |