The Business Association of Georgia has noted that the decision made by the Monetary Policy Committee of the National Bank of Georgia – to reduce the monetary policy rate by 0.5 percent – is fully consistent with the reduced rate of inflation in the recent period, which at this stage is below the target level, namely three percent.
“It is welcome that the National Bank of Georgia keeps an eye on the country’s macroeconomic indicators, and follows the global trend, which implies the reduction of interest rates in 2024,” the statement of the Georgian Business Association of Georgia reads.
By Mariam Mtivlishvili
