National Bank of Georgia Raises Refinancing Rate Citing Middle East Tensions

The Monetary Policy Committee of the National Bank of Georgia raised the refinancing rate by 0.25 percentage points to 8.25%, attributing the decision to escalating Middle East tensions and disruptions to shipping.

6 May, 11:21 — 6 May, 11:21

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civil-geMostly Factual118d ago

National Bank Raises Refinancing Rate to 8.25% for First Time in Two Years, Citing Middle East Situation

The Monetary Policy Committee (MPC) of the National Bank of Georgia (NBG) raised the refinancing rate by 0.25 percentage points to 8.25%, citing escalating Middle East tensions and prolonged disruptions to shipping through the Strait of Hormuz as the reason for the move, which marked the first change in the key rate since May 2024. …

By Civil.ge

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National Bank of Georgia Raises Refinancing Rate Citing Middle East Tensions

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National Bank Raises Refinancing Rate to 8.25% for First Time in Two Years, Citing Middle East Situation

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