The Central Bank of Armenia raised its key refinancing rate by 50bps to 6.5 percent on June 15th, 2021, following a hike by the same margin in the May meeting amid elevated inflationary pressure. In May, the annual inflation rate eased to 5.9 percent from a 6-year high of 6.2 percent but remained well above the central bank's target of 4 percent. source: Central Bank of Armenia
Interest Rate in Armenia averaged 7.06 percent from 2010 until 2021, reaching an all time high of 10.50 percent in February of 2015 and a record low of 4.25 percent in September 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 July of 2021.
Interest Rate in Armenia is expected to be 6.50 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 6.75 in 12 months time. In the long-term, the Armenia Interest Rate is projected to trend around 7.00 percent in 2022, according to our econometric models.