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.

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Armenia Refinancing Rate



Calendar GMT Actual Previous Consensus TEForecast
2023-01-31 08:20 AM 10.75% 10.75% 10.75%
2023-03-14 08:00 AM 10.75% 10.75% 10.75%
2023-05-02 08:00 AM 10.75% 10.75% 10.75%
2023-06-13 08:00 AM 10.75%
2023-08-01 08:00 AM
2023-09-12 08:00 AM


Related Last Previous Unit Reference
Interest Rate 10.75 10.75 percent May 2023
Money Supply M1 1618563.00 1592174.00 AMD Million Feb 2023
Money Supply M0 1693655.00 1737617.00 AMD Million Feb 2023
Money Supply M2 2753981.00 2720515.00 AMD Million Feb 2023
Deposit Interest Rate 9.25 9.25 percent May 2023
Lending Rate 12.25 12.25 percent May 2023
Foreign Exchange Reserves 3544.80 3658.20 USD Million Feb 2023

Armenia Refinancing Rate
In Armenia, interest rate decisions are taken by the Central Bank of Armenia. The official interest rate is the Refinancing Rate.
Actual Previous Highest Lowest Dates Unit Frequency
10.75 10.75 10.75 3.00 2003 - 2023 percent Daily

News Stream
Armenia Keeps Key Interest Rate at 10.75%
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.
2023-05-02
Armenia Holds Key Interest Rate at 10.75%
The central bank of Armenia kept its benchmark interest rate unchanged at 10.75% during its March 2023 meeting, maintaining borrowing costs at the highest level on record, in an effort to bring down high inflation. The headline inflation rate in Armenia remained steady at a near one-year low of 8.1% in February 2023, but still well above the central bank's 4.0% target. Meanwhile, the solid performance of the domestic economic activity observed in early 2023 continues, driven by strong growth in the services and construction sectors.
2023-03-14
Armenia Keeps Borrowing Costs at Record Highs
The central bank of Armenia held its benchmark interest rate at 10.75 during its January meeting, maintaining borrowing costs at the highest level on record, amid policymakers' efforts to combat high inflation. Headline inflation rate eased for a third straight month to 8.3 percent in December, and is seen gradually decreasing and stabilizing around the central bank's 4.0 percent target from the second half of 2023. Meanwhile, economic activity remained solid at the end of last year, mostly supported by strong external demand.
2023-01-31