C.Bank Cuts Key Rate to 4.5%

The National Bank of Georgia reduced its refinancing rate by 25 basis points to 4.5% as annual inflation remains well below the target.

Inflation dipped by 2.1% on an annual basis in February after 1.6% deflation in January.

The central bank said on March 27, that annual inflation would remain below the target of 6% at least till second half of next year.

It also said that “credit activity still remains weak in the country due to the low demand for loans.”

This post is also available in: ქართული (Georgian) Русский (Russian)