Interest Rate in Georgia
Georgia - Interest RateGDP growth slowed markedly in Q3, after the economy rebounded and posted the strongest expansion in nearly a decade in Q2. The slowdown was chiefly driven by the reintroduction of some lockdown measures due to rising new Covid-19 cases, and as the base effect that flattered Q2’s result faded. That said, growth was sturdy overall, aided by still-upbeat export growth and improving labor market conditions, which should have shored up private spending. Turning to Q4, the ongoing Covid-19 pandemic and political uncertainty appear to be weighing on the economic backdrop. A spike in new Covid-19 cases in October, amid a flagging vaccination campaign, bodes ill for domestic activity in the quarter, while continued protests following the arrest of ex-president Mikheil Saakashvili have kept the risk of prolonged political instability elevated.
Georgia - Interest Rate Data
|Policy Interest Rate (%)||8.00||6.50||7.25||7.00||9.00|
5 years of economic forecasts for more than 30 economic indicators.
Georgia Interest Rate Chart
Source: National Bank of Georgia
|Exchange Rate||2.86||0.0 %||Jan 01|
|Stock Market||0.1||0.55 %||Jan 07|
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