The National Bank of Georgia left its refinancing rate unchanged at 6.5 percent on June 12th 2019, saying inflation rate will start to decrease to the central bank’s target of 3 percent at the beginning of the next year. In May, annual inflation rate jumped to 4.7 percent from 4.1 percent in April, the highest since December of 2017, due to a one-time event caused by the increase in excise taxes. Interest Rate in Georgia averaged 6.55 percent from 2008 until 2019, reaching an all time high of 12 percent in April of 2008 and a record low of 3.75 percent in August of 2013.

Interest Rate in Georgia is expected to be 6.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interest Rate in Georgia to stand at 6.00 in 12 months time. In the long-term, the Georgia Interest Rate is projected to trend around 5.25 percent in 2020, according to our econometric models.

Georgia Interest Rate
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Calendar GMT Actual Previous Consensus TEForecast
2019-01-30 12:00 PM Interest Rate Decision 6.75% 7% 7%
2019-03-13 11:05 AM Interest Rate Decision 6.5% 6.75% 6.75%
2019-05-01 08:10 AM Interest Rate Decision 6.5% 6.5% 6.25%
2019-06-12 11:40 AM Interest Rate Decision 6.5% 6.5% 6.25%
2019-07-24 08:00 AM Interest Rate Decision 6.5% 6.5%
2019-09-04 08:00 AM Interest Rate Decision 6.5%
2019-10-23 08:00 AM Interest Rate Decision 6.25%


Georgia Money Last Previous Highest Lowest Unit
Interest Rate 6.50 6.50 12.00 3.75 percent [+]
Money Supply M0 2895292.55 2812397.74 2895292.55 84708.06 GEL Thousands [+]
Deposit Interest Rate 8.41 8.59 20.26 3.00 percent [+]
Money Supply M1 6991170.15 6770200.81 6991170.15 107278.65 GEL Thousands [+]
Money Supply M2 10391212.83 10059280.39 10391212.83 112337.23 GEL Thousands [+]
Money Supply M3 21833330.44 21203964.55 21833330.44 131418.52 GEL Thousands [+]
Foreign Exchange Reserves 2093583.00 1864814.00 3219449.00 297495.00 GEL Thousands [+]


Georgia Interest Rate

In Georgia, interest rate decisions are taken by the National Bank of Georgia. The official interest rate is the 7-day refinancing rate. This page provides the latest reported value for - Georgia Interest Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Georgia Interest Rate - actual data, historical chart and calendar of releases - was last updated on July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
6.50 6.50 12.00 3.75 2008 - 2019 percent Daily




Country Last Previous
Argentina 59.01 Jul/19
Turkey 24.00 Jun/19
Mexico 8.25 Jul/19
Russia 7.50 Jun/19
South Africa 6.75 May/19
Brazil 6.50 Jun/19
Indonesia 6.00 Jun/19
India 5.75 Jul/19
China 4.35 Jun/19
Saudi Arabia 3.00 Jun/19
United States 2.50 Jun/19
Canada 1.75 Jul/19
South Korea 1.75 Jun/19
Singapore 1.67 Jun/19
Australia 1.00 Jul/19
United Kingdom 0.75 Jun/19
Euro Area 0.00 Jun/19
France 0.00 Jun/19
Germany 0.00 Jun/19
Italy 0.00 Jun/19
Netherlands 0.00 Jun/19
Spain 0.00 Jun/19
Japan -0.10 Jun/19
Switzerland -0.75 Jun/19


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