Deposit Interest Rate in Armenia increased to 9 percent in November from 8.50 percent in October of 2022. source: Central Bank of Armenia

Deposit Interest Rate in Armenia averaged 5.19 percent from 2015 until 2022, reaching an all time high of 9.00 percent in November of 2022 and a record low of 2.75 percent in September of 2020. This page includes a chart with historical data for Deposit Interest Rate in Armenia. Armenia Deposit Rate - values, historical data and charts - was last updated on December of 2022.

Deposit Interest Rate in Armenia is expected to be 9.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Armenia Deposit Rate is projected to trend around 7.00 percent in 2023 and 6.00 percent in 2024, according to our econometric models.

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Armenia Deposit Rate

Related Last Previous Unit Reference
Interest Rate 10.50 10.50 percent Nov 2022
Money Supply M1 1462193.00 1445726.00 AMD Million Sep 2022
Money Supply M0 1753684.00 1647087.00 AMD Million Sep 2022
Money Supply M2 2556951.00 2534256.00 AMD Million Sep 2022
Deposit Interest Rate 9.00 8.50 percent Nov 2022
Lending Rate 12.00 11.50 percent Nov 2022
Foreign Exchange Reserves 3614.07 3706.60 USD Million Oct 2022

Armenia Deposit Rate
The Deposit Interest Rate is the average rate paid by commercial banks to individuals or corporations on deposits.
Actual Previous Highest Lowest Dates Unit Frequency
9.00 8.50 9.00 2.75 2015 - 2022 percent Monthly