Key data points
Last release
—
Observation period
May 2024
Next release
—
Forecast
—
Highest
12.00% on Jul 23, 2008
Lowest
3.75% on Jan 31, 2014
About 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.
Related indicators
Frequently Asked Questions
Georgia Interest Rate is 8% at the moment.
Last month Georgia Interest Rate was 8%, and the month before that it amounted to 8.25%.
Interest rate is the proportion of a loan that is charged as interest to the borrower, typically an annual percentage of the loan outstanding. When it comes to the national level, interest rate is a rate at which banks borrow money from a country's central bank.
Yes, negative interest rate can be used by the government as a monetary policy tool to stimulate economy growth.
Growing or falling interest rate can influence the country's economy, stimulate it or lower the inflation level. Even people can feel the effect of interest rate's movements — for example, if interest rate increases, loans get more expensive.