The Central Bank of Armenia raised its policy rate by 25 basis points to 7.0% at its November 2026 meeting, citing persistent inflationary pressures and strong domestic demand. The latest increase brought the benchmark rate to its highest level since January 2025. The deposit rate was increased to 5.5%, while the lending rate rose to 8.5%. Annual inflation in Armenia eased to 4.3% in September 2026, from 4.4% in August, marking the lowest level since May. Meanwhile, core inflation edged down to 4.7% in September, from 4.8% in the previous month. source: Central Bank of Armenia

The benchmark interest rate in Armenia was last recorded at 7 percent. Interest Rate in Armenia averaged 6.85 percent from 2003 until 2026, reaching an all time high of 10.75 percent in December of 2022 and a record low of 3.00 percent in August of 2005. This page provides - Armenia Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Armenia Refinancing Rate - data, historical chart, forecasts and calendar of releases - was last updated on November of 2026.

The benchmark interest rate in Armenia was last recorded at 7 percent. Interest Rate in Armenia is expected to be 7.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Armenia Refinancing Rate is projected to trend around 6.50 percent in 2027 and 6.00 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-08-04 08:05 AM Interest Rate Decision 6.5% 6.5% 6.5%
2026-09-15 08:00 AM Interest Rate Decision 6.75% 6.5% 6.5%
2026-11-03 08:00 AM Interest Rate Decision 7% 6.75% 6.75%
2026-12-15 08:00 AM Interest Rate Decision 7%


Related Last Previous Unit Reference
Deposit Interest Rate 5.25 5.25 percent Oct 2026
Foreign Exchange Reserves 6657.54 6521.58 USD Million Sep 2026
Interest Rate 7.00 6.75 percent Nov 2026
Lending Rate 8.25 8.25 percent Oct 2026
Money Supply M0 2267646.00 2228310.00 AMD Million Sep 2026
Money Supply M1 2991373.00 2958230.00 AMD Million Sep 2026
Money Supply M2 5828206.00 5712091.00 AMD Million Sep 2026


Armenia Refinancing Rate
In Armenia, interest rate decisions are taken by the Central Bank of Armenia. The official interest rate is the Refinancing Rate.
Actual Previous Highest Lowest Dates Unit Frequency
7.00 6.75 10.75 3.00 2003 - 2026 percent Monthly

News Stream
Armenia Raises Policy Rate to 7.0%
The Central Bank of Armenia raised its policy rate by 25 basis points to 7.0% at its November 2026 meeting, citing persistent inflationary pressures and strong domestic demand. The latest increase brought the benchmark rate to its highest level since January 2025. The deposit rate was increased to 5.5%, while the lending rate rose to 8.5%. Annual inflation in Armenia eased to 4.3% in September 2026, from 4.4% in August, marking the lowest level since May. Meanwhile, core inflation edged down to 4.7% in September, from 4.8% in the previous month.
2026-11-03
Armenia Raises Policy Rate to 6.75%
The Central Bank of Armenia raised its policy rate by 25 basis points to 6.75% at its September 2026 meeting, citing persistent inflationary pressures and strong domestic demand. The deposit rate was increased to 5.25%, while the lending rate rose to 8.25%. Annual inflation eased to 4.4% in August from 4.5% in July, marking the lowest level since May, while core inflation edged up to 4.8% from a year earlier. Economic growth accelerated 6.7% year-on-year in the second quarter of 2026, from a 5.2% growth in the previous quarter. Against this backdrop, the Board placed greater emphasis on risks from stronger domestic and external demand and rising inflation expectations, which warranted a higher policy rate path. The rate increase came as the Bank continued to balance persistent inflationary pressures against strong domestic economic activity.
2026-09-15
Armenia Leaves Key Rate Unchanged
The Central Bank of Armenia kept its benchmark interest rate unchanged at 6.5% during its August 2026 policy meeting, maintaining a cautious stance as inflation remained above target. The deposit rate was held at 5%, while the lending rate remained at 8%, preserving the existing monetary policy corridor. The decision followed June inflation of 5.1% and core inflation of 4.9%, highlighting strong domestic activity driven by construction and services, alongside improving external demand, but highlighted risks from global growth weakness, elevated energy prices, and persistent uncertainty. While demand pressures and supply-side factors continue to support inflation, stabilizing wage growth and expectations, weaker export conditions, and potential disinflation risks remain key considerations. Markets broadly expect the policy rate to stay at 6.5% over the medium term as the Bank balances upside inflation risks with downside growth risks and works toward its 3% inflation target.
2026-08-04