The National Bank of Georgia has reduced the refinancing rate by 25 points to 5.75%, Business Georgia reports.
The new rate was set after the records of the fourth deflation process in the last months. Annual inflation in May 2012 was registered at -3.3% compared with May 2011 and -0.9% compared with the previous month.
Annual inflation will have moderate growth in June, but it will remain under the target value this year and early next year.
The government forecasts an inflation rate of 6% in 2012.
