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.