Central Bank refinancing rate

The refinancing rate is the key interest rate of the Central Bank of Armenia. The chart shows which rate was in force on each date since 27 December 2003, as the Central Bank lists it, period by period.

Since 16 September 2026 the rate has been 6.75%, up from 6.5%, which had been in force since 16 December 2025. Before that it stood at 6.75% from 5 February to 15 December 2025.

The highest rate, 10.75%, was in force from 14 December 2022 to 13 June 2023, and the lowest, 3%, from 10 August to 25 December 2005. The rate fell to 4.25% on 16 September 2020, then rose step by step to 10.75% in December 2022, and has come down since. Over the whole period it was changed 102 times.