National Bank of Georgia Keeps Rate at 8%

More than 180,000 loans are still tied to the current rate

The National Bank of Georgia has decided to leave the refinancing rate unchanged — at 8%. The regulator has maintained this rate for a long time: it was last adjusted in May of the year before last, when it was reduced by 0.25 percentage points.

More than 180,000 bank loans are tied to the refinancing rate, so its preservation directly affects the loan servicing conditions for the population and businesses.

The next meeting of the Monetary Policy Committee is scheduled for March 25, where the regulator will again assess the economic situation and inflationary risks.