The central bank of Georgia left the benchmark interest rate unchanged at 10 percent on September 15th, 2021. Policymakers noted that inflation remains a significant global problem, and the price growth trajectory has exceeded the forecasts in many countries. Meanwhile, August annual inflation in Georgia stood at 12.8 percent, higher than expected, amid ongoing pressure from oil, food prices, and international shipping costs. Inflation is expected to remain high in 2021 mainly influenced by temporary factors with an upward pressure at the end of this year and the beginning of 2022 due to a base effect of utility subsidy. source: National Bank of Georgia
Interest Rate in Georgia averaged 6.86 percent from 2008 until 2021, reaching an all time high of 12 percent in April of 2008 and a record low of 3.75 percent in August of 2013. 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 - data, historical chart, forecasts and calendar of releases - was last updated on November of 2021.
Interest Rate in Georgia is expected to be 10.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Georgia Interest Rate is projected to trend around 10.00 percent in 2022 and 9.50 percent in 2023, according to our econometric models.