NBG Keeps Refinancing Rate at 8.25%, Raises 2026 Inflation Forecast to 5.4%

The National Bank of Georgia (NBG) kept its key refinancing rate unchanged at 8.25% after its Monetary Policy Committee (MPC) meeting on October 21, while raising its inflation forecast to 5.4% and economic growth projection to 7.2% for 2026. In its October 21 statement, the Bank noted that annual inflation stood at 5.6% in September, …