The central bank of Armenia held its benchmark interest rate unchanged at 10.75% during its May 2023 meeting, maintaining borrowing costs at the highest level on record, to anchor inflation expectations. The headline inflation rate in Armenia eased to an over two-year low of 5.4% in March 2023, approaching the central bank's 4.0% target. source: Central Bank of Armenia
Interest Rate in Armenia averaged 6.72 percent from 2003 until 2023, reaching an all time high of 10.75 percent in December of 2022 and a record low of 3.00 percent in August of 2005. This page provides - Armenia Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Armenia Refinancing Rate - data, historical chart, forecasts and calendar of releases - was last updated on June of 2023.
Interest Rate in Armenia is expected to be 10.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Armenia Refinancing Rate is projected to trend around 7.50 percent in 2024 and 5.50 percent in 2025, according to our econometric models.