Wednesday, December 17, 2014

Georgia maintains rate, sees inflation at target H2 2015

    Georgia's central bank maintained its policy rate at 4.0 percent, saying it was still considering a gradual withdrawal of its expansionary monetary policy while assessing the negative impact on foreign demand from the "complicated situation in the region" and its impact on economic growth.
    The National Bank of Georgia (NBG), which started tightening policy is February but then stopped the process due to the increase in geopolitical risks, said it was still expecting a "significant strengthening of inflationary pressure" and to reach its target of 5 percent inflation in the second half of 2015.
    Georgia's headline inflation rate eased to 2.8 percent in November from 3.4 percent in October.


Post a Comment