Georgia Cuts Rate 25 Bps To 5.25%, Inflation Forecast Cut
Georgia’s central bank cut its benchmark refinancing rate by 25 basis points to 5.25 percent, continuing its policy of cutting rates as inflation remains below the bank’s target. The National Bank of Georgia, which has cut rates six times this year by a total of 150 basis points this year, said it [...]
Georgia’s central bank cut its benchmark refinancing rate by 25 basis points to 5.25 percent, continuing its policy of cutting rates as inflation remains below the bank’s target.
The National Bank of Georgia, which has cut rates six times this year by a total of 150 basis points this year, said it was further reducing its forecasts for inflation over the next two years. It did not give specific figures, but the central bank targets inflation of 6 percent.