  CBA leaves re-financing rate at 5%October 6, 2009 - 18:53 AMT PanARMENIAN.Net - In its recent board session, Central Bank of Armenia (CBA) made decision to leave re-financing rate on 5% level, CBA Press Service reports.In September 2009, inflation rate increased by 0.7% compared to August. In annual terms, inflation rate recorded 0.2% growth, comprising 3.7%. CBA board confirmed existence of moderate inflation pressures. Such developments, which go parallel with real GDP stabilization, have to a certain extent made internal inflation environment active. Anticipating further economic activeness, CBA board finds that such re-financing rate maximum contributes to economy's rapid recovery.   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 |  Related sections Latest news Aliyev: No peace treaty unless Armenia changes constitution  Azerbaijan will not sign a peace treaty with Armenia unless the latter changes its constitution, Azerbaijani President Ilham Aliyev said.Seven injured in massive gas station explosion in Armenia The Investigative Committee of Armenia has unveiled details about a massive explosion at a gas station on the Yerevan-Sevan highway.Pashinyan’s spokesperson denies intention to visit Baku for COP29 Pashinyan’s agenda doesn’t include a trip to Baku for the COP29 conference, his press secretary Nazeli Baghdasaryan has said.Russia accuses West of preparing invasion of CSTO countries NATO is preparing an invasion of the CSTO countries, the number of provocations in the air is growing, Sergei Shoigu has said. |
