Armenia's central bank lifted its policy rate 25 bps to 6.75%, its first rise in over three years, citing strong demand, 4.4% inflation and rising expectations.
ING expects Azerbaijan's central bank to keep its key rate at 6.5% for an extended period, calling the country a clear beneficiary of hydrocarbon supply instability.
Foreign direct investment into Georgia totaled $750.1 million in the first half of 2026, down 22% year on year, with financial services and real estate taking 70% of inflows.
The Central Bank of Armenia lifted its policy rate 25 basis points to 6.75% on September 15, citing strong demand and rising inflation expectations after 6.7% growth in Q2 2026.
Pashinyan targets 6% average annual growth over five years, while Finance Minister Hovhannisyan says Armenia's public debt of 5.12 trillion drams will stay below 50% of GDP.
Armenia's government approved its 2027 draft budget on Oct 1 and signed a €250 million credit agreement with AFD; Moody's holds Ba3 positive.
The NBG kept its refinancing rate at 8.25% on September 9 as inflation ran at 5.6%; the next decision is due October 21.
Armenia's industrial producer prices rose 8.8% in January–August against 4.5% consumer inflation, while August industrial output fell 4.3% year on year.
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