The President of the National Bank of Georgia, Natia Turnava, says interest rates on loans in Georgian lari are declining despite global economic uncertainty, with no increase expected in the near term.
Speaking at the Finance and Budget Committee of the Georgian Parliament, Turnava said mortgage and business loan rates in GEL have decreased compared to 2025.
She said mortgage rates fell from 13.4% in January 2025 to 11.9% in March 2026, while business loan rates dropped from 14.4% to 12.8% over the same period.
“Despite increasing uncertainty and regional risks, interest rates on new loans in GEL have a pronounced downward trend,” Turnava noted.
She added that the National Bank raised the policy rate by 0.25 percentage points to manage expectations, while also pointing to rising inflation in the Eurozone and the United States that could increase foreign currency financing costs.
Turnava linked the decline in GEL rates to higher lari liquidity from de-dollarization, improved credit portfolio quality, and greater efficiency in banks, saying these factors help limit inflationary pressure.
