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Tag Archives: NBG

NBG Increases Its Policy Rate to 5.5%

The Monetary Policy Committee of the National Bank of Georgia met on July 1, 2015 and decided to increase the refinancing rate by 50 basis points to 5.5 percent. The monetary policy decision is based on the macroeconomic forecast, which shows increase in the inflation expectations as well as in …

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Georgia’s GDP Rose to 2.1% in May 2015

According to Geostat, Georgia’s Gross Domestic Product grew by 2.1 percent in May 2015. The data, which was published yesterday, showed that the estimated real GDP growth reached 2.5 percent for the first five months of 2015 compared to 2014.Geostat  produced monthly rapid estimations of real GDP growth using administrative …

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The Way The Financial Supervision Agency Will Operate

If the National Bank’s Main Responsibility is to Reach the Target Inflation, it should not Institutionally Control Commercial Banks The Financial Supervision Agency of Georgia, as a legal entity of public law, will be an only state body to supervise the financial sector, while the financial sector supervision committee at …

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