Natia Turnava, Acting Governor of the National Bank of Georgia, met with analysts on Thursday. At the meeting, Natia Turnava drew attention to the recent decisions of the Monetary Policy and Financial Stability Committees.
The meeting discussed details of the decision of the Monetary Policy Committee, the feasibility, macroeconomic trends and macroeconomic forecasts. Moving on to financial stability, they discussed the assessment of vulnerabilities and risks in the financial system, focusing on the structural characteristics of the financial sector and those aspects of the Georgian economy that are important for financial stability in medium and long run.
"These meetings are very important for us: we hear the opinions of analysts about the current macroeconomic indicators and the decisions made. Therefore, we will continue to cooperate with analysts in this format so that the decisions we make are analyzed in detail and transparency is made certain," Natia Turnava said.
Shalva Mkhatrishvili, head of the Macroeconomics and Statistics Department of the National Bank of Georgia, and David Utiashvili, head of the Financial Stability Department, participated in the meeting.
"The ongoing conflict in the Middle East was added to the underlying risks. It is a source of greater uncertainty that may pose added risks to the inflation perspective. This was the reason for leaving the monetary policy rate unchanged at a rather high level", Shalva Mkhatrishvili noted.
"Our decision to issue loans of up to GEL 300,000 only under hedged terms will significantly reduce dollarization and the systemic risks it entails, which will further strengthen financial stability," David Utiashvili noted.
These meetings provide detailed and accurate information about specific issues to interested parties.
