The Central Bank of Armenia raised its key refinancing rate by 25bps to 7.25 percent of September 14th, 2021, bringing borrowing costs to the highest since 2016. It follows a 50bps hike in its August meeting amid persistent inflationary pressure. The annual inflation rate climbed for a third straight month to an eight-year high of 8.8 percent in August, from 8.2 percent in July. source: Central Bank of Armenia

Interest Rate in Armenia averaged 7.05 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 October of 2021.

Interest Rate in Armenia is expected to be 7.25 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Armenia Interest Rate is projected to trend around 8.00 percent in 2022 and 7.00 percent in 2023, according to our econometric models.

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Armenia Interest Rate


Calendar GMT Actual Previous Consensus TEForecast
2021-05-04 08:00 AM 6% 5.5% 5.5%
2021-06-15 07:50 AM 6.5% 6%
2021-08-03 08:00 AM 7% 6.5%
2021-09-14 07:55 AM 7.25% 7%


News Stream
Armenia Lifts Key Interest Rate to 7.25%
The Central Bank of Armenia raised its key refinancing rate by 25bps to 7.25 percent of September 14th, 2021, bringing borrowing costs to the highest since 2016. It follows a 50bps hike in its August meeting amid persistent inflationary pressure. The annual inflation rate climbed for a third straight month to an eight-year high of 8.8 percent in August, from 8.2 percent in July.
2021-09-14
Armenia Lifts Key Interest Rate to 7%
The Central Bank of Armenia raised its key refinancing rate by 50bps to 7.0 percent on August 3rd, 2021, bringing borrowing costs to the highest since 2016. It follows a hike by the same margin in its June meeting amid elevated inflationary pressure. In June, the annual inflation rate surged to 6.5%, the highest since April of 2015.
2021-08-03
Armenia Hikes Interest Rate to 6.5%
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.
2021-06-15
Armenia Hikes Interest Rate to 6%
The Central Bank of Armenia raised its key refinancing rate by 50bps to 6 percent on May 4th 2021, following a hike by the same margin in the February meeting amid elevated inflationary pressure. In March, the annual inflation rate jumped to 5.8 percent, the highest since April of 2015 and well above the central bank's target of 4 percent.
2021-05-04

Armenia Last Unit Reference Previous Highest Lowest
Interest Rate 7.25 percent Sep/21 7.00 10.50 4.25
Money Supply M0 1690891.00 AMD Million Aug/21 1746674.00 1746674.00 27571.00
Money Supply M1 1278692.00 AMD Million Aug/21 1267367.00 1278692.00 12820.00
Money Supply M2 2292096.00 AMD Million Aug/21 2263280.00 2292096.00 13641.00
Deposit Interest Rate 8.38 percent Jul/21 8.02 63.18 4.90
Lending Rate 8.50 percent Aug/21 8.00 11.75 5.75
Foreign Exchange Reserves 3073.40 USD Million Jul/21 3090.80 3180.08 373.86


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