Banking regulations are planned to be liberalized, it will be a package, - said Natia Turnava, the Minister of Economy and Sustainable Development.
The minister said he could not talk on the details, but the government's economic team is working jointly with the National Bank on the package.
“We all see the positive results of the government's economic team and the coordinated work of the National Bank. The recent decisions by the National Bank to tighten the monetary rate - this is the decision which allowed us to raise the purchasing power of our national currency and this process will continue.
The challenge was inflation, which was higher than the normal, projected rate. The rise of consumer prices is quite painful. Our priority was to reverse the negative trend and bring inflation back to acceptable levels. According to the decision of the National Bank, inflation will start to decline from next year. In this regard, this problem has been reversed for years and will not exist anymore, ”Natia Turnava said.
