The central bank of Georgia left its key 7-day refinancing rate unchanged at 8 percent on December 9th 2020. Policymakers noted that annual inflation has been low in recent months and it is expected to hover close to the target level in the first half of 2021, amid still subdued demand. The economic activity is seen recovering gradually in 2021. source: National Bank of Georgia
Interest Rate in Georgia averaged 6.73 percent from 2008 until 2020, 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 January of 2021.
Interest Rate in Georgia is expected to be 8.00 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 7.50 in 12 months time. In the long-term, the Georgia Interest Rate is projected to trend around 7.50 percent in 2021 and 6.00 percent in 2022, according to our econometric models.