Russia cuts main interest rate, says inflation ‘stabilizing’January 30, 2015 - 16:59 AMT PanARMENIAN.Net - Russia has cut its main interest rate from 17% to 15% because inflation "is stabilizing", according to BBC News. The ruble fell by more than 2% against the dollar following the central bank announcement. Russia's economy has been suffering for a range of reasons, including economic sanctions by the West over its involvement in the crisis in Ukraine. This week the government said it would put measures in place to try to stave off an economic crisis. The measures included investing at least 2.34 trillion rubles ($35bn) in the economy, following a collapse in oil prices and the ruble. The Bank of Russia said the interest rate could be cut "due to the shift in the balance of risks of accelerated consumer price growth and cooling economy." The ruble fell around 2.4% against the dollar on the news, leaving the dollar worth more than 70 rubles. Photo: RIA Related links: 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 | Armenia Security Council chief traveling to Qatar Secretary of the Security Council of Armenia Armen Grigoryan will travel on a working visit to Qatar. Pillars installed in Armenian border village of Kirants In the Armenian village of Kirants, three border markers have been installed, and border guards stand next to them. Armenian Foreign Minister regrets “tragic loss” of Iranian counterpart The Armenian Foreign Ministry has expressed shock over the death of the Iranian President and the Minister of Foreign Affairs. Armenian PM sends condolences to Iran Prime Minister Nikol Pashinyan sent a message of condolence to the Supreme Leader Seyyed Ali Khamenei. |