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.

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Georgia Interest Rate


Calendar GMT Actual Previous Consensus TEForecast
2021-08-04 08:00 AM 10% 9.5% 9.5%
2021-09-15 08:00 AM 10% 10% 10%
2021-10-27 08:15 AM 10% 10% 10%
2021-12-08 08:00 AM
2022-02-02 08:00 AM
2022-03-16 08:00 AM


Related Last Previous Unit Reference
Interest Rate 10.00 10.00 percent Oct/21
Money Supply M0 3647831.17 3661588.00 GEL Thousands Oct/21
Money Supply M3 32843181.36 32457366.00 GEL Thousands Oct/21
Money Supply M2 15253003.43 15212512.06 GEL Thousands Oct/21
Money Supply M1 10653648.04 10700899.12 GEL Thousands Oct/21
Foreign Exchange Reserves 3468169.87 3590541.56 USD Thousand Oct/21

News Stream
Georgia Holds Interest Rate Steady at 10%
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.
2021-09-15
Georgia Hikes Key Rate to 10%
The central bank of Georgia raised its key refinancing rate by 50 basis points to 10 percent on August 4th 2021 amid ongoing inflationary pressure from prices of oil, food and international shipping costs. Policymakers noted that Georgia's annual inflation came out unexpectedly high as well at 11.9 percent in July, the steepest since May of 2011. Accordingly, the short-term inflation forecast has increased considerably compared to the previous forecasts, and it is expected that inflation in 2021 will be higher than 9 percent. However, the central bank said its tighter monetary policy will help inflation decline in 2022 and gradually approach its medium-term target of 3 percent.
2021-08-04
Georgia Holds Interest Rate Steady at 9.5%
The central bank of Georgia decided to leave the benchmark interest rate unchanged at 9.5 percent on June 23rd 2021. Policymakers noted that annual inflation in May stood at 7.7 percent amid ongoing pressure from oil and food prices and the exchange rate depreciation. Meantime, inflation rate is expected to peak in June, amid the impact of rising natural gas tariffs in Tbilisi, to end the year at 7 percent, before the gradual return to the target in 2022. On the other hand, economic activity in the first four months of the year rose by 8.1 percent year-on-year and surpassed the 2019 figure, suggesting a strong recovery.
2021-06-23

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.