The National Bank of Georgia has decided to keep its refinancing rate at 8%, applying a careful approach to keep inflation close to acceptable levels.
The bank reported a slight decrease in inflation for domestically produced services and commodities, emphasizing the regulation of long-term inflation goals.
Experts predict that inflation will be kept low and stabilized around the target in the medium term. Nonetheless, internationally posed economic uncertainties can threaten the inflation of imported goods.
The National Bank of Georgia says it will carefully adjust the policy rate if inflation risks do not emerge, and it will impose stricter policies if necessary.
By Mariami Razmadze
Image source: NBG
