The Central Bank of Armenia left its key refinancing rate steady at 5.50 percent on January 24th 2020. The central bank lowered interest rate in September last year, to bring inflation closer to its 4 percent target. Annual inflation rate in Armenia eased to 0.7 percent in December of 2019, from 1.0 percent in the previous month.
Interest Rate in Armenia averaged 7.36 percent from 2010 until 2020, reaching an all time high of 10.50 percent in February of 2015 and a record low of 5.50 percent in September of 2019. This page provides - Armenia Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.
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 2020, according to our econometric models.