Home / Tag Archives: Monetary Policy

Tag Archives: Monetary Policy

Economic Growth to Record About 4% in 2017

According to the forecast by National Bank of Georgia (NBG), this year economic growth will be about 4%, the NBG monetary policy report for May reads. “Net exports is expected to make an unimportant, but positive contribution to the 2017 GDP growth. After neutralization of external difficulties, net exports is …

Read More »

National Bank Raises Monetary Policy Rate by 25 Base Point to 6.75%

NBG

On January 25 Monetary Policy Committee of National Bank of Georgia (NBG) increased refinancing rate by 25 base point to 6.75%. The decision is based on macroeconomic forecasts, under which in 2017 inflation will be mainly above the target indicator. However, in 2018 inflation will decline and will be maintained …

Read More »

What is Monetary Policy?

Money Euro Mortgage Loan

Monetary policy consists of the actions of a central bank, currency board or other regulatory committee that determine the size and rate of growth of the money supply, which in turn affects interest rates. Monetary policy is maintained through actions such as modifying the interest rate, buying or selling government …

Read More »

NBG Reduces Its Policy Rate By 25 Basis Points To 6.75%

NBG Reduces Its Policy Rate By 25 Basis Points To 6.75%

The Monetary Policy Committee (MPC) of the National Bank of Georgia (NBG) met on July 27, 2016 and decided to reduce the refinancing rate by 25 basis points to 6.75 percent. The monetary policy decision is based on the macroeconomic forecast, according to which the phasing out of tight monetary policy must …

Read More »

National Bank Forecasts Inflation Slowdown in Coming Quarters

National Bank Forecasts Inflation Slowdown in Coming Quarters

The Monetary Policy Committee (MPC) of the National Bank of Georgia (NBG) met on June 15, 2016 and decided to reduce the refinancing rate by 50 basis points to 7.0 percent. The monetary policy decision is based on the macroeconomic forecast, according to which the tightening of the monetary policy …

Read More »

National Bank of Georgia Keeps Its Policy Rate Unchanged At 8.0%

Georgian Lari

The Monetary Policy Committee (MPC) of the National Bank of Georgia (NBG) met on February 3, 2016 decided not to change the current refinancing rate at eight percent. The monetary policy decision is based on the macroeconomic forecast, which indicates a sharp increase in the inflation expectations given the Lari depreciation against …

Read More »

NBG Strengthens Its Policy Rate By 50 Basis Points To 8.0%

The Monetary Policy Committee (MPC) of the National Bank of Georgia met on December 16, 2015 and decided to increase the refinancing rate by 50 basis points to 8.0 percent. The monetary policy decision is based on the macroeconomic forecast, according to which the tightening of the monetary policy by …

Read More »

George Kadagidze: Inflation Target Will Be at 3% Point in 2017

George Kadagidze, president of National Bank of Georgia links the loan rate increase to the strengthening of monetary policy and GEL devaluation. George Kadagidze noted at the final meeting, as the President of NBG with the members of Business Association, that the regulatory bank guides with mortgage and business crediting …

Read More »

NBG Tightens Monetary Policy to Avoid Further Inflation

Inflation Geogia

The Monetary Policy Committee of the National Bank of Georgia  met on November 4, 2015 and decided to increase the refinancing rate by 50 basis points to 7.5 percent. The monetary policy decision is based on the macroeconomic forecast, according to which the National Bank of Georgia continues the monetary …

Read More »