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    Emil Lazarian
  • 16 years ago
    • Categories: News

Armenia’s CB Reduces Refinancing Rate To 6.25 Per Cent

ARMENIA’S CB REDUCES REFINANCING RATE TO 6.25 PER CENT

/PanARMENIAN.Net/
22.05.2009 21:27 GMT+04:00

/PanARMENIAN.Net/ Today Armenia’s Central Bank Council made a decision
to reduce the refinancing interest rate by one percentage point to
6.25 per cent annually.

As the CB official web-site reports, the Council of the Central Bank
stated that current inflationary developments mainly correspond to
the projected directions and will be maintained for the target period.

The Central Bank Council believes, that the economic growth will be
facilitated more efficiently by sharp weakening of money-and-credit
conditions through reducing the refinancing interest rate.

From: Emil Lazarian | Ararat NewsPress

Emil Lazarian: “I should like to see any power of the world destroy this race, this small tribe of unimportant people, whose wars have all been fought and lost, whose structures have crumbled, literature is unread, music is unheard, and prayers are no more answered. Go ahead, destroy Armenia . See if you can do it. Send them into the desert without bread or water. Burn their homes and churches. Then see if they will not laugh, sing and pray again. For when two of them meet anywhere in the world, see if they will not create a New Armenia.” - WS
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