The National Bank of Georgia raised its refinancing rate by 50bps to 7 percent on September 4th 2019, after inflation rate jumped to 4.9 percent, its highest since December of 2017. It is the first hike in interest rates this year and follows two cuts, in the January and in the March meeting. Policymakers added that inflation expectations are exacerbated by the depreciation of the nominal exchange rate and that monetary policy tightening will continue until the pressure weakens. The central bank expects inflation to remain above the 3 percent target this year and to start decline from March 2020. Interest Rate in Georgia averaged 6.55 percent from 2008 until 2019, reaching an all time high of 12 percent in April of 2008 and a record low of 3.75 percent in August of 2013.

Interest Rate in Georgia is expected to be 7.00 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 7.00 in 12 months time. In the long-term, the Georgia Interest Rate is projected to trend around 6.00 percent in 2020, according to our econometric models.

Georgia Interest Rate
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Calendar GMT Actual Previous Consensus TEForecast
2019-05-01 08:10 AM Interest Rate Decision 6.5% 6.5% 6.25%
2019-06-12 11:40 AM Interest Rate Decision 6.5% 6.5% 6.25%
2019-07-24 10:00 AM Interest Rate Decision 6.5% 6.5% 6.25%
2019-09-04 08:00 AM Interest Rate Decision 7% 6.5% 6.25%
2019-10-23 08:00 AM Interest Rate Decision 7% 7.25%
2019-12-11 09:50 AM Interest Rate Decision 7.5%


Georgia Money Last Previous Highest Lowest Unit
Interest Rate 7.00 6.50 12.00 3.75 percent [+]
Money Supply M0 3224363.16 3075884.85 3224363.16 84708.06 GEL Thousands [+]
Deposit Interest Rate 8.28 8.27 20.26 3.00 percent [+]
Money Supply M1 7555222.99 7336083.33 7555222.99 107278.65 GEL Thousands [+]
Money Supply M2 10934056.66 10719634.49 10934056.66 112337.23 GEL Thousands [+]
Money Supply M3 23119414.61 22604270.11 23119414.61 131418.52 GEL Thousands [+]
Foreign Exchange Reserves 2093583.00 1864814.00 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 September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
7.00 6.50 12.00 3.75 2008 - 2019 percent Daily




Country Last Previous
Argentina 83.21 Sep/19
Turkey 16.50 Sep/19
Mexico 8.00 Aug/19
Russia 7.00 Sep/19
South Africa 6.50 Sep/19
Brazil 5.50 Sep/19
India 5.40 Aug/19
Indonesia 5.25 Sep/19
China 4.20 Sep/19
Saudi Arabia 2.50 Sep/19
United States 2.00 Sep/19
Canada 1.75 Sep/19
Singapore 1.74 Aug/19
South Korea 1.50 Aug/19
Australia 1.00 Sep/19
United Kingdom 0.75 Sep/19
Euro Area 0.00 Sep/19
France 0.00 Sep/19
Germany 0.00 Sep/19
Italy 0.00 Sep/19
Netherlands 0.00 Sep/19
Spain 0.00 Sep/19
Japan -0.10 Sep/19
Switzerland -0.75 Sep/19


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