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.