National Bank of Georgia Raises Refinancing Rate Citing Middle East Tensions

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