The Central Bank of Armenia raised its key refinancing rate by 50 bps to 10.50% on November 1st, 2022, a third consecutive rate hike that brought borrowing costs to the highest level since 2015, amid concerns about strong inflationary pressures. Armenia’s inflation rate accelerated to a 3-month high of 9.9% in September 2022, well above the central bank’s inflation target of 4%. source: Central Bank of Armenia
Interest Rate in Armenia averaged 6.61 percent from 2003 until 2022, reaching an all time high of 10.50 percent in February of 2015 and a record low of 3.00 percent in August of 2005. This page provides - Armenia Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Armenia Refinancing Rate - data, historical chart, forecasts and calendar of releases - was last updated on December of 2022.
Interest Rate in Armenia is expected to be 11.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Armenia Refinancing Rate is projected to trend around 8.50 percent in 2023 and 7.50 percent in 2024, according to our econometric models.