The Central Bank of Armenia left its key refinancing rate steady at 5.75 percent on March 12th 2019, mentioning low inflationary pressures and global economic slowdown. Policymakers kept monetary policy stance steady after lowering borrowing costs by 25bps to is lowest since at least 2010 in the previous meeting. In February, annual inflation rate rose to a four-month high of 1.9 percent, up from a 0.8 percent increase in January. The central bank projects inflation to be lower than the target level of 4 percent in the upcoming months. Interest Rate in Armenia averaged 7.55 percent from 2010 until 2019, reaching an all time high of 10.50 percent in February of 2015 and a record low of 5.75 percent in January of 2019.
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.