Georgia Interest Rate  2008-2016 | Data | Chart | Calendar | Forecast

Georgia's central bank has lowered its benchmark interest rate by 25 bps to 6.5 percent on September 7th meeting and signaled the plans to trim rate further to 6 percent. It is the fourth rate cut so far this year, mostly due to low inflation expectations. Consumer prices rose 0.9 percent year-on-year in August of 2016, the least since November of 2013, following a 1.5 percent increase in July. Interest Rate in Georgia averaged 6.44 percent from 2008 until 2016, 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 reported by the National Bank of Georgia.

Georgia Interest Rate
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Actual Previous Highest Lowest Dates Unit Frequency
6.50 6.75 12.00 3.75 2008 - 2016 percent Daily
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 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-06-15 11:30 AM Interest Rate Decision 7.0% 7.5% 7.0%
2016-07-27 12:00 PM Interest Rate Decision 6.75% 7.0% 6.5%
2016-09-07 09:07 AM Interest Rate Decision 6.5% 6.75% 6.5%
2016-10-26 02:00 PM Interest Rate Decision 6.5% 6.25%
2016-12-14 02:00 PM Interest Rate Decision 6.0%

Georgia Money Last Previous Highest Lowest Unit
Interest Rate 6.50 6.75 12.00 3.75 percent [+]
Money Supply M0 2121263.48 2027108.75 2121263.48 84708.06 GEL Thousands [+]
Deposit Interest Rate 8.90 8.43 31.05 7.24 percent [+]
Money Supply M1 4649903.67 4553524.29 4649903.67 107278.65 GEL Thousands [+]
Money Supply M2 6088044.12 6068029.62 6088044.12 112337.23 GEL Thousands [+]
Money Supply M3 13897993.63 13300944.54 13897993.63 131418.52 GEL Thousands [+]
Foreign Exchange Reserves 2671759.00 1617884.00 2671759.00 297495.00 GEL Thousands [+]




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