Deposit Interest Rate in Armenia decreased to 7.37 percent in September from 8.30 percent in August of 2019. Deposit Interest Rate in Armenia averaged 11.92 percent from 1995 until 2019, reaching an all time high of 63.18 percent in December of 1995 and a record low of 4.90 percent in December of 2004.

Deposit Interest Rate in Armenia is expected to be 7.37 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Deposit Interest Rate in Armenia to stand at 7.37 in 12 months time. In the long-term, the Deposit Interest Rate in Armenia is projected to trend around 7.37 percent in 2020, according to our econometric models.

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Deposit Interest Rate in Armenia

Actual Previous Highest Lowest Dates Unit Frequency
7.37 8.30 63.18 4.90 1995 - 2019 percent Monthly

Deposit Interest Rate in Armenia
The Deposit Interest Rate is the average rate paid by commercial banks to individuals or corporations on deposits.

Armenia Money Last Previous Highest Lowest Unit
Interest Rate 5.50 5.50 10.50 5.50 percent [+]
Money Supply M0 1118325.00 1124402.00 1244641.00 27571.00 AMD Million [+]
Money Supply M1 882382.00 870183.00 882382.00 12820.00 AMD Million [+]
Money Supply M2 1729429.00 1702147.00 1729429.00 13641.00 AMD Million [+]
Deposit Interest Rate 7.37 8.30 63.18 4.90 percent [+]
Lending Rate 7.00 7.00 11.75 7.00 percent [+]
Foreign Exchange Reserves 2833.67 2367.71 2833.67 373.86 USD Million [+]