The Banking Association of Georgia does not expect easing of monetary policy from the National Bank of Georgia (NBG). Aleksandre Dzneladze, Banking Association of Georgia told BMGTV.
Currently, the refinancing rate amounts to 8%. The meeting of the Monetary Policy Committee is scheduled for September 11.
The head of the Banking Association of Georgia deeply believes that there are the reasons for softening the monetary, but considering the increased risks in the region and the election year, both in Georgia and worldwide, the NBG will show caution.
"It is not an easy year. Risks have increased in the region...therefore, it is expected that the National Bank will show caution, but there are all the reasons for easing the monetary policy - the rate of inflation has decreased, the rate of economic growth is also at a fairly good level," said Aleksandre Dzneladze, adding that the refinancing rate increase is not expected.
