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The National Bank of Georgia Keeps Its Policy Rate Unchanged at 7.25 Percent

The National Bank of Georgia Keeps Its Policy Rate Unchanged at 7.25 Percent

The National Bank of Georgia left its policy rate unchanged on March 14.

Experts of the NBG regard that inflation rated should be sustained close to the targeted level (3%) envisaging inflation reduction and other equals conditions.

Despite the expected high economic growth in 2017, the joint demand is still at the bottom of the potential level, which is reducing the inflation. At the same time, despite the strengthening of the nominal effective exchange rate, it still has a growing effect on the inflation. As a result, the Committee maintains a moderate tight monetary policy.