National Bank of Georgia keeps monetary policy rate at 8.25%
The Monetary Policy Committee of the National Bank of Georgia (NBG) kept the monetary policy rate unchanged at 8.25 percent on October 21, 2026. Annual inflation stood at 5.6 percent in September, with approximately 2 percentage points attributable to energy prices. Core inflation was 3.5 percent, and services inflation 3.7 percent against a 3 percent target.
The NBG raised its central inflation forecast for 2026 by 0.2 percentage points to 5.4 percent. For 2027, all else equal, it expects gradual convergence toward the 3 percent target from the second half of the year, averaging 3.5 percent over the year.
Preliminary data show economic growth of 6.3 percent in August and an average of 7.6 percent over the first eight months. The 2026 growth forecast was lifted from 6.5 to 7.2 percent, with about 5.5 percent expected in 2027. The next meeting is set for December 16, 2026.
Related directory categories: Banks in Tbilisi.
Sources: Source publication.
Read also
MBC seeks exemption for institutional deposits from GEL 100,000 cap
BMG reports MBC's founder proposes exempting deposits from banks and international financial institutions from a GEL 100,000 cap. It remains a proposal.
Credo Bank places $10 million in perpetual AT1 bonds
BMG reports Credo Bank placed $10 million in perpetual subordinated AT1 bonds. Institutional investors bought 54% of the issue, private investors 46%.
Georgia's microbanks hope to cut business-loan threshold from 70% to 50% of portfolio
BMG says Georgia's microbanks expect parliament to lower the business-loan share of portfolios from 70% to 50%, while the NBG considers easing the rules.
Georgia's gross external debt reached $28.2 billion at end-June 2026, or 69.3% of GDP
National Bank of Georgia: gross external debt was $28.2 billion at 30 June 2026, or 69.3% of GDP; 83.1% of it is denominated in foreign currency.
NBG Fines Virtual Asset Provider Bitexchange 572.118 Million Lari for AML/CFT Breaches
The National Bank of Georgia fined Bitexchange GEL 572.118 million for breaches of anti-money laundering and counter-terrorist financing requirements.
Georgia and UAE Central Banks Sign Memorandum on Financial and Supervisory Cooperation
The National Bank of Georgia announced a memorandum with the UAE central bank on October 13. Signed in Bangkok, it covers financial and supervisory cooperation.
0 comments
Log in to leave a comment