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

Georgia's central bank lifted its benchmark interest rate by 25 bps to 6.75 percent on January 25th, due to higher inflation expectations. Annual inflation rate hit 1.8 percent in December from 0.2 percent in November and is expected to surpass the 4 percent target during the year due to higher taxes, a stronger dollar and a weaker Turkish lira. Policymakers also said the policy rate will gradually increase to 7 percent over the next two quarters of the year. Interest Rate in Georgia averaged 6.44 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)
2016-10-26 10:10 AM Interest Rate Decision 6.5% 6.5% 6.25%
2016-12-14 10:20 AM Interest Rate Decision 6.5% 6.5% 6.25%
2017-01-25 08:30 AM Interest Rate Decision 6.75% 6.5% 6.5%
2017-03-07 10:00 AM Interest Rate Decision 6.75%
2017-04-26 10:30 AM Interest Rate Decision
2017-06-14 10:30 AM Interest Rate Decision




Georgia Money Last Previous Highest Lowest Unit
Interest Rate 6.75 6.50 12.00 3.75 percent [+]
Money Supply M0 2383197.10 2245870.61 2383197.10 84708.06 GEL Thousands [+]
Deposit Interest Rate 8.90 8.43 31.05 7.24 percent [+]
Money Supply M1 5124461.41 4877110.17 5124461.41 107278.65 GEL Thousands [+]
Money Supply M2 6505458.35 6298387.67 6505458.35 112337.23 GEL Thousands [+]
Money Supply M3 16045200.01 15304596.05 16045200.01 131418.52 GEL Thousands [+]
Foreign Exchange Reserves 2429513.00 2122900.00 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 February of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
6.75 6.50 12.00 3.75 2008 - 2017 percent Daily



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