Annual Inflation To Decrease To 5% In April - TBC Chief Economist

00:20 Fri, 24 March

GEO

USD

$ 2.5768

EUR

€ 2.8028

GBP

£ 3.1689

RUB

₽ 0.0338

TRY

₺ 0.0014

AZN

₼ 0.0152

XRP

0.4450

17.Mar .2023 11:00

Annual Inflation To Decrease To 5% In April - TBC Chief Economist

254

Back

Author:Natia Taktakishvili

Annual inflation will decrease to 6% in March, while the rate might amount to 5% in March, - TBC Chief Economist Otar Nadaraia noted while talking to BMG. According to him, the economy is ready for easing the monetary policy, because the inflation forecast for the next 12 months looks promising.

"We think that in March and April, the annual inflation rate will decrease - to 6% in March, while in April - to 5%. In our assessment, the decision to cut the monetary policy rate has already matured with the argument, that the rate and other measures unfortunately cannot replace past inflation. The main thing is the forecast for the next twelve years, and in this regard, the inflation forecast is quite promising", says Otar Nadaraia.

The annual inflation rate stood at 8.1% in February 2023.

TBC Bank Otar Nadaraia Chief Economist