Georgia, Tbilisi, Jan. 21 / Trend N.Kirtzkhalia /
The National Bank of Georgia has left the monetary policy rate at the same level of five percent. The rate was defined by a predetermined number of conditions, including inflation in Georgia, which amounted to three percent in late 2009, the bank told Trend capital. According to the bank's forecasts, in 2010 the inflation rate will fluctuate within six percent.
The real effective exchange rate of national currency fluctuated and eventually lost in the price about 3.6 percent. The National Bank expects short-term prevalence of lari in markets, although there is a forecast deficit of lari in the long term.
According to the National Bank, in 2009 the decline in GDP will amount to more than four percent, and in 2010 GDP is expected to increase by more than two percent.
The regular meeting of the Monetary Policy Committee of the National Bank of Georgia will be held Feb.17.
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