National Bank of Georgia President Natia Turnava says inflationary pressures in the country are already easing, attributing the trend to the central bank’s cautious and disciplined monetary policy. Speaking to the media, Turnava stressed that the International Monetary Fund has positively assessed this approach.
Turnava refrained from commenting in advance on any upcoming decisions of the National Bank’s Monetary Policy Committee, urging the public to wait for the official announcement. At the same time, she underlined that the current policy stance is producing results, as inflation has started to decline.
Although inflation rose to 5.2% in October, the Monetary Policy Committee decided at its November 5 meeting to keep the refinancing rate unchanged. The National Bank also published its monetary policy report, outlining potential responses should inflationary pressures intensify, including the possibility of raising the refinancing rate if needed.
According to the latest data, inflation eased to 4.8% in November. Turnava described this decline as clear evidence that the National Bank’s cautious monetary policy is working and helping to stabilize price dynamics in the country.
