Acting Governor of the National Bank of Georgia, took part in the panel New Tasks, New Instruments held at the Central and Eastern European Forum (CEE) 2024 Forum of Euromoney.
Natia Turnava spoke about the role of central banks in maintaining price stability and noted that better results can be achieved by focusing on the main goals of price stability. Further, Natia Turnava elaborated on ways to address structural challenges.
In her speech at the panel, the Acting Governor of the NBG also spoke about the potential for the successful implementation of the monetary policy and structural weaknesses, noting that the highly integrated use of central bank policy tools may contribute to reducing costs related to anchoring inflation.
"In the pursuit of stabilizing inflation, developing markets can benefit significantly from employing macroprudential tools and proactively accumulating foreign exchange reserves. This strategy has proven effective in mitigating the associated costs, as exemplified by Georgia's experience. In December 2023, Georgia achieved annual inflation rate of 0.4%,” noted Natia Turnava.
The panel New Tasks, New Instruments held at the Euromoney Central and Eastern Europe 2024 Forum also included Anita Angelovska Bezhoska, Governor of the National Bank of the Republic of Macedonia, Marta Kightley, First Deputy Governor of the Central Bank of the Republic of Poland, Gent Sejko, Governor of the Bank of Albania and Gediminas Šimkus, Chairman of the Board of the Bank of Lithuania.
Natia Turnava, Acting Governor of the National Bank of Georgia, held meetings with international investors within the framework of the Euromoney annual CEE forum.
Representatives of financial markets, investors, Central Bank Governors and politicians from more than 45 countries participated in the two-day of Central and Eastern European (CEE) Forum.
