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

The National Bank of Georgia cut its key refinancing rate by 25 bps to 6.75 percent on July 27th, mentioning lower inflation expectations. It is the third rate cut so far this year and the Committee aims to lower the rate further to 6 percent in the medium term. The inflation rate dropped to 1.1 percent in June 2016, the lowest level since November 2013. Interest Rate in Georgia averaged 6.43 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
6.75 7.00 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 August of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-04-27 11:30 AM Interest Rate Decision 7.5% 8% 8.0%
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 02:00 PM Interest Rate Decision 6.75% 6.5%
2016-10-26 02:00 PM Interest Rate Decision 6.0%
2016-12-14 02:00 PM Interest Rate Decision 6.0%

Georgia Money Last Previous Highest Lowest Unit
Interest Rate 6.75 7.00 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 1852512.00 2638068.00 2638068.00 297495.00 GEL Thousands [+]




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