The Central Bank of Armenia raised its key refinancing rate by 100bps to 5.25% on December 15th. source: Central Bank of Armenia

Interest Rate in Armenia averaged 7.16 percent from 2010 until 2020, 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 January of 2021.

Interest Rate in Armenia is expected to be 5.25 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 5.25 in 12 months time. In the long-term, the Armenia Interest Rate is projected to trend around 5.25 percent in 2021, according to our econometric models.

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Armenia Interest Rate

Actual Previous Highest Lowest Dates Unit Frequency
5.25 4.25 10.50 4.25 2010 - 2020 percent Daily


Calendar GMT Actual Previous Consensus TEForecast
2020-07-28 08:10 AM 4.5% 4.5% 4.5%
2020-09-15 08:00 AM 4.25% 4.5% 4.5%
2020-10-27 07:30 AM 4.25% 4.25% 4.25%
2020-12-15 08:00 AM 5.25% 4.25% 4%
2021-02-02 07:30 AM 5.25%
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
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 Slashes Key Rate to 5%
The Central Bank of Armenia lowered its key refinancing rate by 25bps to 5 percent on April 28th, following a cut by a similar margin in the previous meeting and bringing borrowing costs to its lowest since series began in 2010. The decision came after consumer prices fell for a second month in March and as deflationary pressures are expected to continue due to the negative impact of the coronavirus outbreak and volatility of raw materials and food prices.
2020-04-28
Armenia Cuts Interest Rate by 25bps
The Central Bank of Armenia lowered its key refinancing rate by 25bps to 5.25 percent on March 17th, bringing borrowing costs to its lowest since series began in 2010. It comes after consumer prices fell by 0.5 percent in February for the first time since March of 2017.
2020-03-17

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