The National Bank of Georgia held its key policy rate steady at 8.25% during its September 2026 meeting, maintaining a moderately tight stance amid persistent inflationary risks. Annual inflation rose to 5.6% in August, largely driven by supply-side shocks, particularly higher energy prices amid renewed geopolitical tensions in the Middle East. International food price pressures also intensified, while higher energy costs raised production and transportation expenses. However, core inflation stood at 3.6% and services inflation at 4.4%, suggesting that the impact of the supply shock on inflation expectations remains moderate. The NBG projects average annual inflation at around 5.2% in 2026 before gradually converging to its 3% target over the medium term. The central bank said it could moderately raise the policy rate if prolonged supply shocks push inflation expectations higher and generate second-round effects, while normalization would begin once the inflationary shock dissipates. source: National Bank of Georgia

The benchmark interest rate in Georgia was last recorded at 8.25 percent. Interest Rate in Georgia averaged 7.51 percent from 2008 until 2026, reaching an all time high of 12.00 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 September of 2026.

The benchmark interest rate in Georgia was last recorded at 8.25 percent. Interest Rate in Georgia is expected to be 8.50 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 8.50 percent in 2027 and 7.00 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-06-17 08:00 AM Interest Rate Decision 8.25% 8.25% 8.5%
2026-07-29 08:00 AM Interest Rate Decision 8.25% 8.25% 8.25%
2026-09-09 08:00 AM Interest Rate Decision 8.25% 8.25% 8.25%
2026-10-21 08:00 AM Interest Rate Decision 8.25%
2026-12-16 08:00 AM Interest Rate Decision


Related Last Previous Unit Reference
Foreign Exchange Reserves 8140458.50 7527461.60 USD Thousand Aug 2026
Interest Rate 8.25 8.25 percent Sep 2026
Money Supply M0 6381625.00 6132427.00 GEL Thousands Jul 2026
Money Supply M1 21751239.86 21117360.37 GEL Thousands Jul 2026
Money Supply M2 38097693.46 37134971.35 GEL Thousands Jul 2026
Money Supply M3 60463635.00 59928231.00 GEL Thousands Jul 2026


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.
Actual Previous Highest Lowest Dates Unit Frequency
8.25 8.25 12.00 3.75 2008 - 2026 percent Daily

News Stream
National Bank of Georgia Holds Key Rate Unchanged
The National Bank of Georgia held its key policy rate steady at 8.25% during its September 2026 meeting, maintaining a moderately tight stance amid persistent inflationary risks. Annual inflation rose to 5.6% in August, largely driven by supply-side shocks, particularly higher energy prices amid renewed geopolitical tensions in the Middle East. International food price pressures also intensified, while higher energy costs raised production and transportation expenses. However, core inflation stood at 3.6% and services inflation at 4.4%, suggesting that the impact of the supply shock on inflation expectations remains moderate. The NBG projects average annual inflation at around 5.2% in 2026 before gradually converging to its 3% target over the medium term. The central bank said it could moderately raise the policy rate if prolonged supply shocks push inflation expectations higher and generate second-round effects, while normalization would begin once the inflationary shock dissipates.
2026-09-09
National Bank of Georgia Holds Key Rate Steady
The National Bank of Georgia left its key policy rate unchanged at 8.25% at its July 2026 meeting, maintaining a cautious stance amid tensions in the Middle East. Headline inflation edged up to 5.8% in June from 5.7%, driven by higher energy prices linked to the regional conflict. Policymakers noted the increase was broadly in line with expectations for the second quarter, while emphasizing that second-round inflationary effects remain a key concern. Meanwhile, economic activity accelerated to 9.0% year-on-year in the first quarter from 6.7% in the previous quarter, supported by strong performance in service sectors, with the negative impact of the conflict remaining limited. The central bank continues to forecast economic growth of 6.5% in 2026 and revised its average inflation projection up to 5.2% from 4.9%, beginning to ease in the second half of the year and gradually converge to target over the medium term. Future decisions will depend on inflation risks and second-round effects.
2026-07-29
National Bank of Georgia Keeps Key Rate Unchanged
The National Bank of Georgia held its key policy rate steady at 8.25% during its June 2026 meeting, noting global uncertainty despite signs of improved sentiment. Headline inflation increased to 5.7% in May, significantly above the central bank’s target of 3%, primarily driven by higher energy prices and ongoing supply chain disruptions. Inflation is expected to remain elevated during the second quarter of the year, averaging 4.9% in 2026. Economic activity remains robust, expanding by 6.2% in April and averaging 8.3% growth overall. However, global uncertainty continues to pose risks to the outlook. An escalation of geopolitical tensions would likely drive commodity prices higher, keeping inflation above target for a longer period. Conversely, stable commodity prices contribute to a faster moderation of inflationary pressures. Future decisions will regard current geopolitical tensions, continuing to moderate in case of prolonged conflict and normalization may proceed if tensions ease.
2026-06-17