Tuesday, January 18, 2011

Georgia Central Bank Holds Refi at 7.50%

The National Bank of Georgia kept the refinancing rate at 7.50% but decided to increase the reserve requirement for foreign currency liabilities to 15%. The Bank noted in its statement that "annual inflation reached 11.2 percent by the end of 2010" driven mostly by food price inflation, but with some flow-on rise seen in inflation expectations.


Post a Comment