The Central Bank of Armenia raised its key refinancing rate by 50bps to 6 percent on May 4th 2021, following a hike by the same margin in the February meeting amid elevated inflationary pressure. In March, the annual inflation rate jumped to 5.8 percent, the highest since April of 2015 and well above the central bank's target of 4 percent. source: Central Bank of Armenia

Interest Rate in Armenia averaged 7.08 percent from 2010 until 2021, reaching an all time high of 10.50 percent in February of 2015 and a record low of 4.25 percent in September of 2020. This page provides - Armenia Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Armenia Interest Rate - data, historical chart, forecasts and calendar of releases - was last updated on May of 2021.

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 2022, according to our econometric models.

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Armenia Interest Rate

Actual Previous Highest Lowest Dates Unit Frequency
6.00 5.50 10.50 4.25 2010 - 2021 percent Daily


Calendar GMT Actual Previous Consensus TEForecast
2020-12-15 08:00 AM 5.25% 4.25% 4%
2021-02-02 08:15 AM 5.5% 5.25% 5.25%
2021-03-16 08:30 AM 5.5% 5.5% 5.5%
2021-05-04 08:00 AM 6% 5.5% 5.5%


News Stream
Armenia Hikes Interest Rate to 6%
The Central Bank of Armenia raised its key refinancing rate by 50bps to 6 percent on May 4th 2021, following a hike by the same margin in the February meeting amid elevated inflationary pressure. In March, the annual inflation rate jumped to 5.8 percent, the highest since April of 2015 and well above the central bank's target of 4 percent.
2021-05-04
Armenia Leaves Monetary Policy Unchanged
The Central Bank of Armenia left its key refinancing rate steady at 4.5 percent on July 28th 2020, following a 50bps cut in the previous meeting to its lowest since series began in 2010. The decision comes after the annual inflation rate rose to 1.7 percent, below the central bank's target of 4%.
2020-07-28
Armenia Cuts Interest Rate to 4.5%
The Central Bank of Armenia lowered its key refinancing rate by 50bps to 4.5 percent on June 16th, following a 25bps cut in the previous meeting and bringing borrowing costs to its lowest since series began in 2010. The decision aims to ensure price stability in the medium term and after the annual inflation rate increased to 1.2 percent in May, well below the central bank's target of 4%.
2020-06-16

Armenia Interest Rate
In Armenia, interest rate decisions are taken by the Central Bank of Armenia. The official interest rate is the Refinancing Rate.