Eurozone inflation above ECB target June 30, 2011 - 14:26 AMT PanARMENIAN.Net - Official figures show that inflation in the 17 countries that use the euro remained above the European Central Bank's target in June but was lower than market expectations. In its first estimate, Eurostat, the EU's statistics office, said Thursday, June 30 that consumer prices rose by 2.7 percent in the year to June. That was unchanged on May's rate but below the consensus in the markets of an uptick to 2.8 percent. Because the rate is above the ECB's target of keeping inflation close to but below 2 percent, it is expected to raise interest rates again next week despite tensions over Greece's debt crisis. Most economists think the central bank will lift its benchmark rate by another quarter point to 1.5 percent, AP reported.   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 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. |
