The central bank of Georgia left its key 7-day refinancing rate unchanged at 8 percent on October 28th 2020, saying inflation remains in line with expectations. Annual inflation continued to decline for the 4th month to 3.8 percent in September and the central bank sees inflation close to the target level of 3 percent in 2021. The central bank last cut the key rate by 25bps in August. source: National Bank of Georgia
Interest Rate in Georgia averaged 6.72 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 December of 2020.
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.