NBG has reduced refinancing rate - up to 200,000 borrowers will have less monthly contributions to the banks

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08 September 2024, 03:41

06 September

22:15
Georgia wins the 7th medal at the Paralympics in Paris

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The sixth medal from Paris - parajudoka Giorgi Kaldani is the vice-champion of the Paralympics

18:01
Meeting with representatives of US’s and Europe’s NGO sector, media and former diplomats is held at CEC of Georgia

16:42
Blogger who documented life in Gaza killed in alleged Israeli strike
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My meeting with the members of the Bundestag delegation is not appropriate, because a few months ago a member of the Bundestag participated in a rally organized by the radical opposition - Kobakhidze

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What Jeanne Shaheen said is a lie, it’s a pity that such a lie comes from a person who holds a very high status of a US senator - Irakli Kobakhidze

15:40
Nikoloz Samkharadze meets with the representatives of the German Bundestag

15:11
Prosecution Service of Georgia, in cooperation with the law enforcement authorities of Germany, has solved another transnational crime
15:08
Meeting of the Parliamentary Opposition Members with the representatives of the German Bundestag

15:04
Infrastructure of Kutaisi International University will be expanded to make it possible to receive up to 30,000 students by 2028, the implementation of this plan will be totally financed by Bidzina Ivanishvili - Prime Minister

15:00
I would like to thank Bidzina Ivanishvili, the founder of the KIU, for his idea to create this important educational hub in this city - Irakli Kobakhidze

14:28
Georgian parajudoka Giorgi Kaldani is in the final of the Paralympics
13:54
Conor McGregor hints at 2025 presidential run in Ireland with UFC return on hold

12:27
Ministry of Culture exhibits artworks from collection returned to Fine Arts Museum, National Gallery

12:19
Otar Shamugia is on his working visit in Finland

12:05
Georgian director Dea Kulumbegashvili is fighting for the main award of the Venice Biennale - Georgian actors have already appeared on the red carpet
11:53
Georgia is ahead of Moldova and Ukraine in many areas, although the opening of negotiations with the EU is delayed - Spanish Institute of Governance and applied economics

11:43
7193 violations of non-compliance with emission standards were detected in one year

11:12
Trump tells Jewish donors they would be ‘abandoned’ if Harris is elected

11:04
Michel Barnier officially took over the Position of Prime Minister of France
00:44
The National Bank sets new exchange rate for GEL
05 September

21:52
Weather forecast for September 6

21:22
Georgian para athlete Zurab Zurabiani wins silver at Paris Olympics

16:37
Restoration works are underway in the Alaverdi monastery complex

16:36
Georgian Government agrees the 1st national strategy for consumer rights protection
16:03
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15:24
Zurab Zurabiani is in the finals of the Paris Paralympic Games

13:45
Israel’s continued bombardment of Gaza kills at least 18 Palestinians in the latest attacks

13:40
New international standard tennis complex unveiled in Ozurgeti
13:18
We ask for legitimacy from society to defeat that propaganda, which has nothing to do with the protection of rights - Mamuka Mdinaradze

12:09
Member of the Georgian Dream dies following confrontation with opposition activist

11:44
I share the grief of Ermile Gigiadze’s family, that’s why I warned donors to be strict with NGOs they funded, asked them to condemn and disassociate themselves from this campaign of hatred and violence - Papuashvili

11:41
Information presented in the report regarding the use of administrative resources for electoral purposes by representatives of ruling team is both biased and aimed at deliberate discreditation - Givi Mikanadze
11:23
Dmytro Kuleba to be replaced by his first deputy, Andrei Sibiga

11:16
This is an another confirmation of the fascist policy and activities that the UNM was and continues to be - Givi Mikanadze on the death of Ermile Gigiadze

10:37
Prime Minister wishes success to Georgia’s National Team ahead of Nations League matches

00:39
Some NGOs registering abroad to avoid being labelled as organisations “pursuing interests of foreign power - Kobakhidze
00:17
The National Bank sets new exchange rate for GEL

00:13
The first part of our election list is scheduled to be announced within the next week, with the full list set to be presented by September 26 - Prime Minister

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NBG has reduced refinancing rate - up to 200,000 borrowers will have less monthly contributions to the banks

21-12-2023 08:01

The National Bank of Georgia [NBG] has reduced refinancing rate. It means that up to 200,000 borrowers will have less monthly contributions to the banks

According to the Acting President of the NBG, “considering the inflation rate and existing forecasts, the reduction of the monetary policy rate will continue with very careful steps”.

“The primary responsibility of the bank is to guarantee the stability of the interest rate. That’s why the current economic processes, financial markets, environmental factors, and inflation forecasts are being observed in great detail”, - added Natia Turnava.

Yesterday, December 14, the Monetary Policy Committee of the National Bank decided to reduce the monetary policy rate (refinancing rate) by 0.5%. Monetary Policy Rate stands at 9.5%.

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