BAKU, Azerbaijan, May 6
By Tamilla Mammadova – Trend:
Inflation will decrease in the coming months in Georgia, said the country's Finance Minister Lasha Kutsishvili, Trend reports via Georgian media.
"The point is that inflation of 7.2 percent was observed in April year-on-year. The National Bank of Georgia (NBG) tightened the refinancing rate to 9.5 percent a few days ago due to the increased inflation," he said.
NBG did not use other tools besides the tightening of refinancing rate, as it raised interest rates on loans to the citizens.
“The National Bank has made it clear why it has increased its refinancing rate. The National Bank is using other instruments besides this one. The NBG has considered this measure to be the most effective at this stage in order to slow down the inflation rate. I think that inflation will go down for the coming months," Khutsishvili said.
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