US EditionNBG Keeps Key Refinancing Rate Unchanged at 8% - Civil Georgia
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NBG Keeps Key Refinancing Rate Unchanged at 8% - Civil Georgia
On June 18, the Monetary Policy Committee of the National Bank of Georgia (NBG) decided to keep the key refinancing rate unchanged at 8%. The NBG noted that in May, annual inflation stood at 3.5%, close to the 3% target, and core inflation – which excludes food, energy, and tobacco, typically subject to high price volatility – declined to 2%. “Long-term inflation expectations remain stable,” the NBG noted. It said upward inflation pressure is pr…
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