CBA keeps refinancing rate unchanged at 8.5%June 7, 2011 - 13:16 AMT PanARMENIAN.Net - During the June 7 sitting, the Board of the Central Bank of Armenia (CBA) made a decision to keep the refinancing rate unchanged at 8.5%. 0.04% inflation rate was recorded in May 2011, as a result of which the annual inflation rate grew by 0.1% to make 9%, the CBA press service reported. The CBA Board believes that the possibility of inflation environment expansion is rather low, while its suppression is possible due to interest rates established in the market. Thus, the inflation rate will range during the forecasted period within the acceptable interval of fluctuations - 4%±1.5. 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 | Concept to complete Yerevan Cascade discussed at city hall A conceptual proposal to complete the Cascade complex in downtown Yerevan has been presented by Jean-Michel Wilmotte. Pashinyan visits flood-hit region Armenian Prime Minister Nikol Pashinyan on Saturday, June 8 visited the disaster area in the Lori province. €3.5 mln EU grant to support justice reforms in Armenia The European Union has paid €3.5 mln grant to Armenia within a €11mln program on Support to Justice Reforms. Yerevan reacts to Baku’s proposal to see Minsk Group abolition Alen Simonyan has declared that Armenia is taking steps aimed at concluding a peace treaty with Azerbaijan. |