The Central Bank of Armenia left its key refinancing rate steady at 5.50 percent on December 10th 2019, after inflation edged up to 1 percent, well below the bank’s 4 percent target. The central bank lowered interest rates one time this year at the September meeting by 25bps in an attempt to bring inflation closer to its medium term target. Interest Rate in Armenia averaged 7.38 percent from 2010 until 2019, reaching an all time high of 10.50 percent in February of 2015 and a record low of 5.50 percent in September of 2019.

Interest Rate in Armenia is expected to be 5.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interest Rate in Armenia to stand at 5.50 in 12 months time. In the long-term, the Armenia Interest Rate is projected to trend around 5.50 percent in 2020, according to our econometric models.


Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
width
height
Armenia Interest Rate

Actual Previous Highest Lowest Dates Unit Frequency
5.50 5.50 10.50 5.50 2010 - 2019 percent Daily



Calendar GMT Actual Previous Consensus TEForecast
2019-07-30 12:20 PM 5.75% 5.75% 5.75%
2019-09-10 12:15 PM 5.50% 5.75% 5.50%
2019-10-29 12:15 PM 5.50% 5.50% 5.50%
2019-12-10 12:30 PM 5.50% 5.50% 5.50%
2020-01-27 12:30 PM 5.50% 5.50%


News Stream
2019-10-29
Armenia Leaves Monetary Policy Unchanged
The Central Bank of Armenia left its key refinancing rate steady at 5.50 percent on October 29th 2019, saying inflation is expected to remain below the target in the coming months and then gradually return to the target in the medium-term period. The Bank also noted that the external sector has maintained the tendencies of growth while Armenia’s economic activity also remained at the projected high level.

2019-09-10
Armenia Cuts Interest Rate to 5.50% in September
The Central Bank of Armenia lowered its key refinancing rate by 25bps to 5.50 percent on September 10th 2019. The central bank's decision aims to bring inflation closer to its medium term target while expectations regarding the outside deflationary environment and the progress of fiscal policy have been taken in account. Annual inflation rate in Armenia eased to 0.6 percent in August of 2019, the lowest since March of 2017, from 1.7 percent in the previous month. The board also noted than in the third quarter, economic activity in Armenia remains high.

2019-07-30
Armenia Leaves Monetary Policy Unchanged
The Central Bank of Armenia left its key refinancing rate steady at 5.75 percent on July 30th 2019, saying inflation is expected to remain below the target in the coming months and then to stabilize in the mid-term period. Armenia's consumer price index declined 1.9 percent month-over-month in June while it increased 2.5 percent year-on-year, easing from a 2.8 percent rise in the previous month. The Board also added that high growth rates of economic activity are expected in the second quarter of the year, amid an increase in private consumption. However, the central bank noted that a stimulus will be needed and will soon pursue a policy of easing monetary conditions.

2019-06-11
Armenia Leaves Monetary Policy Unchanged
The Central Bank of Armenia left its key refinancing rate steady at 5.75 percent on June 11th 2019, saying inflation is expected to remain below its 4 percent target in coming months and then to stabilize around that level in the mid-term period. Armenia's consumer price index declined 0.4 percent in May month-on-month but rose 2.8 percent year-on-year, the highest since October last year due to the seasonal increase in prices for some agricultural products.

2019-04-30
Armenia Leaves Monetary Policy Unchanged
The Central Bank of Armenia left its key refinancing rate steady at 5.75 percent on April 30th 2019, mentioning low inflationary pressures and global economic slowdown. Armenia´s consumer prices rose 0.1 percent month-on-month in March while the 12-month inflation remained unchanged at 1.9 percent in line with the CB predictions of stable inflation. The bank also noted that global demand is likely to remain weak and that inflationary pressures from the external sector are not expected in the upcoming months.

2019-03-12
Armenia Leaves Monetary Policy Unchanged
The Central Bank of Armenia left its key refinancing rate steady at 5.75 percent on March 12th 2019, mentioning low inflationary pressures and global economic slowdown. Policymakers kept monetary policy stance steady after lowering borrowing costs by 25bps to is lowest since at least 2010 in the previous meeting. In February, annual inflation rate rose to a four-month high of 1.9 percent, up from a 0.8 percent increase in January. The central bank projects inflation to be lower than the target level of 4 percent in the upcoming months.


Armenia Interest Rate
In Armenia, interest rate decisions are taken by the Central Bank of Armenia. The official interest rate is the Refinancing Rate.

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 [+]