Published on: 2026-06-17
Source: People’s Republic of China in Russian –
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Tbilisi, June 17 /Sinohua/ — The National Bank of Georgia at the meeting of the Committee on Monetary Policy on Wednesday decided to maintain the monetary policy rate / refinancing rate / at the level of 8.25 percent. This was reported on Wednesday by the National Bank of Georgia / Central Bank /.
According to the regulator, in May the annual inflation rate was 5.7%, exceeding the target indicator of 3%. The main factor in the price increase was the rise in energy resource costs against the backdrop of volatility in global markets and supply disruptions.
The Central Bank expects that the impact of the external inflationary shock will gradually weaken, and the average inflation rate in 2026 will be 4.9%, with a subsequent return to the target level.
It is indicated that the economy of Georgia is experiencing high growth rates: in April the growth amounted to 6.2 percent, and the average growth for the first four months of the current year reached 8.3 percent.
As noted by the Central Bank, the regulator will continue to monitor the situation’s development. In case of an increase in inflationary risks related to the geopolitical situation, it is ready to continue a moderate increase in the interest rate, and after the easing of external shocks, to proceed with the gradual normalization of monetary policy.
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