The Central Bank of Armenia left its key refinancing rate steady at 6 percent on November 13th 2018, saying inflation is expected to remain stable in the upcoming months and slightly below the 4 percent target. Meantime, the bank noted that economic activity weakened in the third quarter of 2018, amid lower output from the agricultural and construction sectors. Also, policymakers reinforced they will maintain its current monetary conditions and, if inflation and economic growth deviate from expectations, they will take all necessary policy actions to ensure price stability. Interest Rate in Armenia averaged 7.61 percent from 2010 until 2018, reaching an all time high of 10.50 percent in February of 2015 and a record low of 6 percent in February of 2017.
Interest Rate in Armenia is expected to be 5.75 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 5.50 in 12 months time. In the long-term, the Armenia Interest Rate is projected to trend around 5.50 percent in 2020, according to our econometric models.