11.May .2022 12:00

TBC Capital Published Macro Insights

TBC Capital Published Macro Insights
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TBC Capital published macro insights. According to the report, the latest dynamics are broadly in line with TBC Capital's expectations on the international level, however, the Georgian economy seems to grow even faster than implied in the earlier 5.5% scenario.

According to the report, in the baseline scenario, TBC Capital expects inflation at around 9.5% instead of earlier 8% mainly on the back of higher oil price projection and stronger than expected inflation in April. Nevertheless, monthly inflation rates are still expected to moderate in the second half of the year.

"On the GEL side, our best guess would be the NBG to keep policy rate unchanged, keeping in mind broadly neutral projection for the exchange rate", - the report reads.