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NBG kept policy rate unchanged at 7.0%

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BM.GE
24.10.18 15:43
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On its 24th of October meeting, the Monetary Policy Committee of the National Bank of Georgia decided to keep the policy rate unchanged at 7.00%.

The macroeconomic risks have risen given the regional developments, causing increased volatility in financial markets. Despite the elevated uncertainties, inflation is expected to remain close to it’s targeted level of 3% in 2018 and over the medium term as well, according to the central bank.

NBG is expected to gradually move to a more neutral monetary policy stance, but the pace of easing will be subject to external as well as the domestic developments.

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