The Central Bank of Armenia lowered its key refinancing rate by 25bps to 5 percent on April 28th, following a cut by a similar margin in the previous meeting and bringing borrowing costs to its lowest since series began in 2010. The decision came after consumer prices fell for a second month in March and as deflationary pressures are expected to continue due to the negative impact of the coronavirus outbreak and volatility of raw materials and food prices.
Interest Rate in Armenia averaged 7.31 percent from 2010 until 2020, reaching an all time high of 10.50 percent in February of 2015 and a record low of 5 percent in April of 2020. This page provides - Armenia Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Armenia Interest Rate - data, historical chart, forecasts and calendar of releases - was last updated on May of 2020.
Interest Rate in Armenia is expected to be 5.00 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 5.00 in 12 months time. In the long-term, the Armenia Interest Rate is projected to trend around 5.50 percent in 2021, according to our econometric models.