The National Bank of Georgia left its refinancing rate unchanged at 7 percent on October 24th 2018, saying inflation remained close to the 3 percent target since the beginning of the year. In September, annual inflation rate decreased to 2.7 percent from 3.1 percent in August. The central bank added that inflation rate will continue to move within the target for the rest of the year and in the medium term, despite growing macroeconomic risks in the region. However, rising risks from foreign sector may lead to higher volatility in the currency market. Interest Rate in Georgia averaged 6.54 percent from 2008 until 2018, reaching an all time high of 12 percent in April of 2008 and a record low of 3.75 percent in August of 2013.

Georgia Interest Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-07-25 08:05 AM Interest Rate Decision 7% 7.25% 7.25%
2018-09-05 08:00 AM Interest Rate Decision 7% 7% 7%
2018-10-24 08:00 AM Interest Rate Decision 7% 7% 7%
2018-12-12 09:00 AM Interest Rate Decision 7%


Georgia Money Last Previous Highest Lowest Unit
Interest Rate 7.00 7.00 12.00 3.75 percent [+]
Money Supply M0 2806034.20 2715975.76 2806034.20 84708.06 GEL Thousands [+]
Deposit Interest Rate 9.65 9.90 31.05 7.24 percent [+]
Money Supply M1 6140250.45 5918887.00 6140250.45 107278.65 GEL Thousands [+]
Money Supply M2 8971264.06 8751859.45 8971264.06 112337.23 GEL Thousands [+]
Money Supply M3 19504220.66 19106163.44 19504220.66 131418.52 GEL Thousands [+]
Foreign Exchange Reserves 2792040.00 2531405.00 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 November of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
7.00 7.00 12.00 3.75 2008 - 2018 percent Daily




Country Last
Argentina 66.65 Nov/18
Turkey 24.00 Oct/18
Mexico 7.75 Oct/18
Russia 7.50 Oct/18
Brazil 6.50 Oct/18
India 6.50 Oct/18
South Africa 6.50 Oct/18
Indonesia 5.75 Oct/18
China 4.35 Oct/18
Saudi Arabia 2.75 Oct/18
United States 2.25 Nov/18
Canada 1.75 Oct/18
Australia 1.50 Nov/18
South Korea 1.50 Oct/18
Singapore 1.45 Oct/18
United Kingdom 0.75 Nov/18
Euro Area 0.00 Oct/18
France 0.00 Oct/18
Germany 0.00 Oct/18
Italy 0.00 Oct/18
Netherlands 0.00 Oct/18
Spain 0.00 Oct/18
Japan -0.10 Oct/18
Switzerland -0.75 Oct/18


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