The National Bank of Georgia has increased its key refinancing rate by 0.25 percentage points to 8.25%.
The bank says the decision is due to rising inflation and global risks linked to the conflict in the Middle East.
Inflation in Georgia reached 5.9% in April, the highest level in two years, above the bank’s 3% target.
The NBG says higher global energy prices and disruptions to supply routes are pushing prices up, including fuel costs in Georgia.
Economic growth reached 10.7% in March and 9.1% in the first quarter of 2026.
The central bank says it may raise rates further if inflation pressures continue, but could lower them if the situation improves.
