Reduction in current Russian Central Bank rates low probable under current inflation: Uliukaev

YEREVAN, December 12 . /ARKA/. Head of Russia’s ministry of economic development Aleksey Uliukaev said Russian Central Bank’s rates for key transactions will most probable not reduce under the current inflation, Uliukaev told reporters in London as quoted by RIA Novosti.

Directors’ board of Bank of Russia, as expected, maintained the key weekly auction REPO rate unchanged – at 5.5% per annum. The next rate policy meeting of the board is scheduled for December 13.

Russia’s inflation gained 6.1% from the beginning of the year till December 9, RosState reported Wednesday.–0–

spot_img

POPULAR

Converse Bank Completes the Placement of EBRD Bonds

Converse Bank acted as the EBRD's key partner throughout the transaction, arranging the bond issuance and the guaranteed placement of the bonds

The Power of One Dram and the Armenian State Symphony Orchestra Conclude the Forest Project Launched in Shirak

The Power of One Dram, My Forest Armenia, and the Armenian State Symphony Orchestra have concluded the Symphonic Forest project, launched in Shirak with the goal of planting 20,000 trees.

IDBank warns of scam calls impersonating pension funds

There is a growing risk of scam calls targeting the most vulnerable category of citizens -pensioners.

Non-resident investment in dram bonds in Armenia has nearly doubled, Central Bank Board Member

A rather interesting picture of increased foreign investment is emerging in Armenia's capital market, said Armen Ktoyan, a member of the Board of the Central Bank of Armenia, in an interview with CivilNet.

Armenia to Receive $284.4 Million from IBRD to Provide Housing for IDPs from Artsakh and Develop the Mortgage Market

On Thursday, the Armenian government approved the ratification of a financial agreement and the approval of a grant agreement with the International Bank for Reconstruction and Development (IBRD, a World Bank entity) for $284.4 million.

LATEST NEWS

spot_imgspot_imgspot_img