Georgian National Bank leaves discount rate unchanged
Tbilisi, Georgia, Nov. 6
By Nana Kirtzkhalia - Trend: Monetary policy committee of the National Bank of Georgia has left the refinancing rate unchanged, that is at 3.75 per cent, the bank told Trend on November 6.
In October, the inflation stood at 0.2 per cent, the bank said. Mainly an increase in the prices of seasonal products was observed.
It is noteworthy that the base inflation in the second half of 2013 was characterized by a tendency to increase, excluding food and energy.
According to forecasts, the annual inflation rate in the next period will remain at a low level and will near the target level by late 2014.
Based on the fact that easing the monetary policy has not completely affected the real economy, the National Bank of Georgia is continuing this policy and has left the rate unchanged.
The next meeting of the Monetary Policy Committee will be held on December 18.