Translation. Region: Russian Federal
Source: People’s Republic of China in Russian – People’s Republic of China in Russian –
Source: People’s Republic of China – State Council News
Tbilisi, May 7 /Xinhua/ — The Monetary Policy Committee of the National Bank of Georgia (NBG, Central Bank) decided at a meeting on Wednesday to once again keep the monetary policy rate (refinancing rate) unchanged at 8 percent, the Central Bank reported.
The NBG noted that inflation in Georgia remains below the target of 3 percent.
Given the relatively slow normalization of fundamental factors in the economy and continued high economic growth, the baseline scenario has revised the forecast for real GDP growth in 2025 from 5 percent to 6.7 percent. In the long term, growth is expected to stabilize at around 5 percent.
The NBG announced its intention to use all instruments to ensure price stability so that the overall level of price growth in the medium term remains close to 3%.
The Central Bank’s statement indicates that further rate changes will depend on risk analysis and updated macroeconomic forecasts based on it. –0–