National Bank of Georgia interest rate remains unchanged

The Monetary Committee of the National Bank of Georgia has left interest rates unchanged at 5%, Trend Capital said, citing a bank statement.

The bank said the decision was due to several positive trends in February.

Among these trends, there was a 17.9% growth in rapid money transfers during the last year, export growth, and the expected growth of foreign direct investment.

There has also been a rise in business lending by commercial banks.

"This will make it possible to ensure economic growth in the country," the national bank said.