"Long-term inflation expectations are currently well poised, suggesting a potential return of interest rates to a relatively low neutral level in due course. Nevertheless, it is important to acknowledge that such an outcome is not guaranteed, given the existence of lingering risks," shared Natia Turnava, Acting Governor of the National Bank of Georgia, during her address at the New Tasks, New Instruments panel at the Euromoney 2024 Central and Eastern European Forum.
"The current challenge lies in preventing the persistent growth of long-term inflationary expectations and ensuring their alignment with the established target. Upholding a moderately stringent policy serves greater confidence in the Central Bank's approach, particularly following an extended period of deviation from the inflation target," articulated Natia Turnava.
In her perspective, recent years have underscored the importance of the Central Bank's focus on achieving the stabilization of inflation as its primary priority.
Natia Turnava participated in the panel New Tasks, New Instruments held as part of the Euromoney 2024 Central and Eastern European Forum together with the representatives of the central banks of the Republic of North Macedonia, Poland, Albania and Lithuania.
Within the framework of the two-day forum in Vienna, Natia Turnava held meetings with international investors and delivered a presentation on Georgia’s financial and macroeconomic landscape. Representatives of financial markets, investors, central bank governors and politicians from more than 45 countries participated in the Euromoney Central and Eastern European Forum.
