Published on: 2026-05-06
Source: People’s Republic of China in Russian –
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Tbilisi, May 6 /Xinhua/ — The Monetary Policy Committee of the National Bank of Georgia (the Central Bank) decided to raise the refinancing rate by 0.25 percentage points — to 8.25%. This was reported on Wednesday by the Central Bank.
According to the regulator, the exacerbation of the situation in the Middle East and rising energy prices have accelerated inflation.
“Geopolitical tension complicates transportation and increases the risk of supply chain disruptions, raising costs and inflationary pressure. The rise in oil prices has already been reflected in Georgia in the form of higher fuel prices,” the statement notes.
In April, the annual inflation in the country amounted to 5.9%, exceeding the target level of 3%. Meanwhile, the core inflation remained relatively stable and reached 3.2%, and inflation in the services sector was 3.7%.
As noted by the Central Bank, the Georgian economy is growing at a high pace: in the first quarter of 2026, growth amounted to 9.1%, and in March — 10.7%.
The regulator intends to closely monitor current processes and, in the event of further strengthening of inflationary risks, may continue a gradual increase in the rate.
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