National Bank of Georgia reduces key rates for 2nd month
Read on the website Vestnik Kavkaza© Photo: Maria Novoselova/Vestnik Kavkaza
In Georgia, the refinancing rate is being reduced for the 2nd month in a row. Late last year, it was lowered to 9.5%.
The National Bank of Georgia announced a reduction in the refinancing rate by another 0.5% - to 9%. This decision was made by the Monetary Policy Committee of the National Bank at a meeting held today.
"At this stage, as a result of an analysis of existing trends, the National Bank continues to exit tight monetary policy and reduces the monetary policy rate by 0.5 percentage points to 9%,”
– the press service of the bank informed.
From March 2022 to May 2023, the refinancing rate in the republic was at 11%. Then it gradually decreased and by the end of the year, it amounted to 9.5%.