Georgian Central Bank increases key rate by 50 base points

Georgian Central Bank increases key rate by 50 base points

The National Bank of Georgia raised its key refinancing rate by 50 base points to 7% today.

The monetary policy decision is based on the macroeconomic forecast, according to which the National Bank of Georgia continues monetary policy tightening in response to increased inflation expectations, so further changes in monetary policy will depend on the inflation forecast.

The next meeting of the National Bank of Georgia will be held on December 16th, Trend reports.

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