NBG Keeps Refinancing Rate Unchanged at 8.25%, Expects 5.2% Inflation in 2026

The National Bank of Georgia (NBG) decided to keep the key refinancing rate unchanged at 8.25% following a September 9 meeting of its Monetary Policy Committee (MPC). The Central Bank expects inflation to average 5.2% in 2026 before gradually converging with its 3% target over the medium term. Noting that annual inflation stood at 5.6% in August, …