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.

Interest Rate in Armenia averaged 7.31 percent from 2010 until 2020, reaching an all time high of 10.50 percent in February of 2015 and a record low of 5 percent in April 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 2020.

Interest Rate in Armenia is expected to be 5.00 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 5.00 in 12 months time. In the long-term, the Armenia Interest Rate is projected to trend around 5.50 percent in 2021, according to our econometric models.

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Armenia Interest Rate

Actual Previous Highest Lowest Dates Unit Frequency
5.00 5.00 10.50 5.00 2010 - 2020 percent Daily


Calendar GMT Actual Previous Consensus TEForecast
2019-12-10 12:30 PM 5.50% 5.50% 5.50%
2020-01-24 12:30 PM 5.50% 5.50% 5.50%
2020-03-17 11:40 AM 5.25% 5.50% 5.50%
2020-04-28 12:00 PM 5% 5.25% 5%
2020-06-16 12:30 PM 5% 5%
2020-07-28 12:30 PM
2020-09-15 12:30 PM
2020-10-27 12:30 PM
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
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 Leaves Monetary Policy Unchanged
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.
2020-01-24
Armenia Holds Interest Rate at 5.5%
The Central Bank of Armenia left its key refinancing rate steady at 5.50 percent on December 10th 2019, after inflation edged up to 1 percent, well below the bank’s 4 percent target. The central bank lowered interest rates one time this year at the September meeting by 25bps in an attempt to bring inflation closer to its medium term target.
2019-12-10

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