National Bank of Georgia
May 6, 2026
The National Bank of Georgia raised its policy interest rate by 25 basis points to 2.25% today. That was the first increase since a 50-basis point hike to 11.0% in March of 2022, right after Russia invaded nearby Ukraine. A release statement proclaims that the decision ” is aimed at keeping inflation expectations firmly anchored at the target. The moderate tightening of monetary policy, in turn, reduces the risks of second-round effects and aims to ensure that, once the supply-side shock dissipates, inflation converges swiftly to the 3 percent target.” CPI inflation last month of 5.9% was virtually double that objective.
Copyright 2026, Larry Greenberg. All rights reserved.
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