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.

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Armenia Refinancing Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-08-02 08:00 AM 9.5% 9.25% 9.5%
2022-09-13 08:00 AM 10% 9.5% 9.5%
2022-11-01 08:00 AM 10.5% 10% 10%
2022-12-13 08:00 AM 10.5% 11%


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 Refinancing Rate
In Armenia, interest rate decisions are taken by the Central Bank of Armenia. The official interest rate is the Refinancing Rate.
Actual Previous Highest Lowest Dates Unit Frequency
10.50 10.50 10.50 3.00 2003 - 2022 percent Daily

News Stream
Armenia Lifts Key Interest Rate to 10.5%
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%.
2022-11-01
Armenia Raises Key Interest Rate to 9.50%
The Central Bank of Armenia lifted its key refinancing rate by 25 bps to 9.50% on August 2nd, 2022, bringing borrowing costs to the highest since 2015, amid ongoing concerns over intense inflationary pressures. Armenia’s annual inflation rate quickened to an over eleven-year high of 10.3% in June 2022, from 9% in the previous month.
2022-08-02
Armenia Holds Interest Rate at 9.25%
The Central Bank of Armenia left its key refinancing rate unchanged for a third straight meeting at 9.25% on June 14th, 2022. The decision was aimed at supporting the recovery of the pandemic-hit economy, amid high inflationary pressures imposed by the Russia-Ukraine war. Armenia’s annual inflation rate climbed to a six-month high of 9% in May of 2022, above 5.9% a year ago and the central bank's target of 4%.
2022-06-14