The central bank of Armenia lowered its benchmark interest rate by 50bps to 8.75% during the January 2024 meeting, marking its six rate cut since the beginning of the easing campaign in June. The lender also reduced the deposit and the lending rate by 50bps to 7.25% and 10.25%, respectively. The decision came as the country's CPI dropped by 0.6% in December, the largest decline since 2017 and well below the regulator's 4% target. source: Central Bank of Armenia

The benchmark interest rate in Armenia was last recorded at 8.75 percent. Interest Rate in Armenia averaged 6.82 percent from 2003 until 2024, 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 February of 2024.

The benchmark interest rate in Armenia was last recorded at 8.75 percent. Interest Rate in Armenia is expected to be 8.25 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 5.50 percent in 2025, according to our econometric models.

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Armenia Refinancing Rate


Calendar GMT Reference Actual Previous Consensus TEForecast
2023-10-31 08:00 AM
Interest Rate Decision
9.5% 9.75% 9.75%
2023-12-12 08:00 AM
Interest Rate Decision
9.25% 9.5% 9.25%
2024-01-30 08:00 AM
Interest Rate Decision
8.75% 9.25% 9.25%
2024-03-12 08:00 AM
Interest Rate Decision
8.75% 8.5%
2024-04-30 08:00 AM
Interest Rate Decision
2024-06-11 08:00 AM
Interest Rate Decision


Related Last Previous Unit Reference
Interest Rate 8.75 8.75 percent Jan 2024
Money Supply M1 1914993.00 2049993.00 AMD Million Jan 2024
Money Supply M0 1679946.00 1845623.00 AMD Million Jan 2024
Money Supply M2 3303675.00 3410106.00 AMD Million Jan 2024
Deposit Interest Rate 7.25 7.75 percent Jan 2024
Foreign Exchange Reserves 3517.60 3601.22 USD Million Jan 2024
Lending Rate 10.25 10.75 percent Jan 2024

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
8.75 8.75 10.75 3.00 2003 - 2024 percent Daily

News Stream
Armenia Interest Rate Reduced to 8.75%
The central bank of Armenia lowered its benchmark interest rate by 50bps to 8.75% during the January 2024 meeting, marking its six rate cut since the beginning of the easing campaign in June. The lender also reduced the deposit and the lending rate by 50bps to 7.25% and 10.25%, respectively. The decision came as the country's CPI dropped by 0.6% in December, the largest decline since 2017 and well below the regulator's 4% target.
2024-01-30
Armenia Cuts Interest Rate to 9.25%
The central bank of Armenia lowered its benchmark interest rate by 25bps to 9.25% during the December 2023 meeting, marking its fifth rate cut since the beginning of the easing campaign in June. The lender also cut the deposit and the lending rate by 25bps to 7.75% and 10.75%, respectively.
2023-12-12
Armenia Lowers Key Rate to 9.5%
The central bank of Armenia lowered its benchmark interest rate by 25bps to 9.5% during October meeting, marking its fourth cut since the beginning of the easing campaign in June. The lender also cut the deposit rate and the lending rate by 25 bps to 8% and 11%, respectively. The decision came as the country's CPI edged up by 0.1% in September, the first increase in four months but well below the regulator's 4% target.
2023-10-31