The research organization Galt & Taggart anticipates that the National Bank of Georgia will lower the refinancing rate to 8% in 2024.
This expectation is outlined in a review by the investment bank.
“The Monetary Policy Committee of the National Bank reduced the refinancing rate by 0.75 percentage points to 8.25% on March 13, 2024. Considering the current low inflation and the easing of tensions related to the Red Sea crisis, Galt & Taggart expects the refinancing rate to further decrease by an additional 0.25 percentage points to 8%,” the review notes.
The next meeting of the Monetary Policy Committee of the National Bank scheduled for May 8 will be held on May 22. The new monetary policy report will be published on the same day.
