Georgia Interest Rate

The benchmark interest rate in Georgia was last recorded at 4 percent. Interest Rate in Georgia is reported by the National Bank of Georgia. Interest Rate in Georgia averaged 6.72 Percent from 2008 until 2014, reaching an all time high of 12 Percent in April of 2008 and a record low of 3.75 Percent in August of 2013. 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 - Georgia Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-18

Actual Previous Highest Lowest Forecast Dates Unit Frequency
4.00 4.00 12.00 3.75 4.00 | 2014/04 2008 - 2014 Percent Monthly

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Georgia Interest Rate
LIST BY COUNTRY


CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2013-11-06 10:55 AM Georgia
MPC Interest Rate Decision
3.75% 3.75% 3.75%
2013-12-18 01:00 PM Georgia
MPC Interest Rate Decision
3.75% 3.75% 3.75%
2014-02-12 02:00 PM Georgia
Interest Rate Decision
4.0% 3.75% 3.75%
2014-03-26 01:00 PM Georgia
Interest Rate Decision
4.0% 4.0% 3.75%
2014-05-07 12:00 PM Georgia
Interest Rate Decision
4.0% 2.79%
2014-06-18 10:00 AM Georgia
Interest Rate Decision
3.75%
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Money Last Previous Highest Lowest Forecast Unit
Interest Rate 4.00 2014-03-26 4.00 12.00 3.75 4.00 2014-04-30 Percent [+]
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Interest Rate | Notes
The interest rate shown on this page refers to the central bank benchmark interest rate. Usually, the central bank benchmark interest rate is the overnight rate at which central banks make loans to the commercial banks under their jurisdiction. Moving the benchmark interest rate, the central bank is able to make an impact on interest rates of commercial banks, inflation level of the country and national currency exchange rate. Reduction of interest rates should bring increase in business activity, a rise in inflation rate and weakening of national currency. In case of increase in interest rates the level of business activity is likely to drop, inflation declines and national currency strengthens.


RELATED NEWS

Georgia Government Spending at 1394.90 GEL Million  
Government Spending in Georgia increased to 1394.90 GEL Million in the fourth quarter of 2013 from 1060.90 GEL Million in the third quarter of 2013. Government Spending in Georgia is reported by the National Statistics Office of Georgia.
Georgia Gross Fixed Capital Formation at 1698.90 GEL Million  
Gross Fixed Capital Formation in Georgia increased to 1698.90 GEL Million in the fourth quarter of 2013 from 1665.60 GEL Million in the third quarter of 2013. Gross Fixed Capital Formation in Georgia is reported by the National Statistics Office of Georgia.
Georgia Average Monthly Wages at 875.46 GEL  
Wages in Georgia increased to 875.46 GEL in the fourth quarter of 2013 from 799.83 GEL in the third quarter of 2013. Wages in Georgia is reported by the National Statistics Office of Georgia.
Georgia Changes in Inventories at 300.70 GEL Million  
Changes in Inventories in Georgia increased to 300.70 GEL Million in the fourth quarter of 2013 from 140.90 GEL Million in the third quarter of 2013. Changes in Inventories in Georgia is reported by the National Statistics Office of Georgia.
Georgia Consumer Price Index (CPI) at 157.71 Index Points  
Consumer Price Index (CPI) in Georgia decreased to 157.71 Index Points in March of 2014 from 157.87 Index Points in February of 2014. Consumer Price Index (CPI) in Georgia is reported by the National Bank of Georgia.
Georgia Consumer Spending at 5356.30 GEL Million  
Consumer Spending in Georgia increased to 5356.30 GEL Million in the fourth quarter of 2013 from 4561.50 GEL Million in the third quarter of 2013. Consumer Spending in Georgia is reported by the National Statistics Office of Georgia.
Georgia Current Account at -426.55 USD Million  
Georgia recorded a Current Account deficit of 426.55 USD Million in the fourth quarter of 2013. Current Account in Georgia is reported by the National Bank of Georgia.
Georgia Employed Persons at 507.40 Thousand  
The number of employed persons in Georgia increased to 507.40 Thousand in the third quarter of 2013 from 503.50 Thousand in the second quarter of 2013. Employed Persons in Georgia is reported by the National Statistics Office of Georgia.
Georgia GDP Constant Prices at 4221.00 GEL Million  
GDP Constant Prices in Georgia increased to 4221 GEL Million in the fourth quarter of 2013 from 3897.80 GEL Million in the third quarter of 2013. GDP Constant Prices in Georgia is reported by the National Statistics Office of Georgia.
Georgia GDP Deflator at 99.35 Index Points  
GDP Deflator in Georgia increased to 99.35 Index Points in the fourth quarter of 2013 from 99.24 Index Points in the third quarter of 2013. GDP Deflator in Georgia is reported by the National Statistics Office of Georgia.
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