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. Interest Rate in Armenia averaged 7.48 percent from 2010 until 2019, reaching an all time high of 10.50 percent in February of 2015 and a record low of 5.75 percent in January 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.