Georgia Interest Rate  2008-2017 | Data | Chart | Calendar | Forecast

Georgia's central bank lifted its benchmark interest rate by 25 bps to 7 percent on May 2nd and signaled no further rate hikes this year. Policymakers said that inflation is expected to be above its target rate of 4 percent during 2017. Consumer prices increased 5.4 percent year-on-year in March, following a 5.5 percent rise in the previous month. Meanwhile, the economic activity has improved, as the external demand has surged, significantly increasing the revenues from tourism and exports. Interest Rate in Georgia averaged 6.45 percent from 2008 until 2017, 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 Reference Actual Previous Consensus Forecast (i)
2017-01-25 08:30 AM Interest Rate Decision 6.75% 6.5% 6.5%
2017-03-07 01:00 PM Interest Rate Decision 6.75% 6.75% 6.75%
2017-05-02 09:45 AM Interest Rate Decision 7% 6.75% 6.75%
2017-06-14 10:30 AM Interest Rate Decision 7% 7%
2017-07-26 10:30 AM Interest Rate Decision 7%
2017-09-06 10:30 AM Interest Rate Decision




Georgia Money Last Previous Highest Lowest Unit
Interest Rate 7.00 6.75 12.00 3.75 percent [+]
Money Supply M0 2230241.18 2286466.68 2383197.10 84708.06 GEL Thousands [+]
Deposit Interest Rate 9.90 8.90 31.05 7.24 percent [+]
Money Supply M1 4934527.03 4959138.73 5124461.41 107278.65 GEL Thousands [+]
Money Supply M2 6400054.16 6423408.76 6505458.35 112337.23 GEL Thousands [+]
Money Supply M3 15132806.69 15580104.22 16045200.01 131418.52 GEL Thousands [+]
Foreign Exchange Reserves 2229202.00 2233064.00 2671759.00 297495.00 GEL Thousands [+]


Georgia Interest Rate Notes

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 May of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
7.00 6.75 12.00 3.75 2008 - 2017 percent Daily



interest rate by Country

Last
Brazil 11.25 Apr/17
Russia 9.25 Apr/17
Turkey 8.00 Apr/17
Mexico 6.75 May/17
India 6.25 Apr/17
Indonesia 4.75 May/17
China 4.35 Apr/17
Australia 1.50 May/17
South Korea 1.25 May/17
United States 1.00 May/17
Canada 0.50 May/17
United Kingdom 0.25 May/17
Euro Area 0.00 May/17
France 0.00 May/17
Germany 0.00 May/17
Italy 0.00 May/17
Netherlands 0.00 May/17
Spain 0.00 May/17
Japan -0.10 Apr/17
Switzerland -0.75 May/17