The National Bank of Georgia has published the Monetary Policy Report for July and stated its intention to keep the monetary policy rate unchanged at 8.0 percent.
According to the updated forecast, 6.8% economic growth is expected in 2024.
In 2024, consumer prices will increase by an average of 1.9%. Towards the end of the year, inflation will approach the target rate, and then, taking into account the base effect, it will temporarily exceed it and stabilize around 3% from the end of 2025, the report claims.
By Mariam Mtivlishvili
