The National Bank of Georgia held its monetary policy rate at 8.25% on 21 October, the third consecutive decision at that level after 29 July and 9 September. That is above the 8.00% at which both 2024 and 2025 closed.
The inflation picture leaves little room to move. Annual inflation was 5.6% in August, marginally above 5.5% in July and below 5.8% in June — three months within a narrow band, with no clear direction in either direction.
Growth is the stronger part of the week's picture. Real GDP grew 9.0% in the first quarter of 2026 on provisional Geostat data, after provisional readings of 6.7% in the fourth quarter of 2025 and 6.4% in the third quarter. All three are provisional and may be revised.
The lari was quiet across the three sessions shown: the dollar stood at 2.5971 on 24 October against 2.5976 on 22 October, while the euro eased to 2.9090 from 2.9163.
Figures in this post
Every number below was checked against the source before publication.
CPI_YOY_MAnnual inflation National Statistics Office of Georgia (Geostat)FX_EUR_GELEuro to lari National Bank of GeorgiaFX_USD_GELUS dollar to lari National Bank of GeorgiaGDP_REAL_GROWTH_QReal GDP growth, quarterly National Statistics Office of Georgia (Geostat)POLICY_RATE_AMonetary policy rate, year-end National Bank of Georgia — downloaded filesPOLICY_RATE_DMonetary policy rate, per decision National Bank of Georgia