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 July 30, the Monetary Policy Committee of the National Bank of Georgia (NBG) decided to keep the key refinancing rate unchanged at 8%. The NBG has not adjusted the rate in over a year. The NBG said annual inflation stood at 4% in June, close to the 3% target. It attributed the “moderate increase” to rising food prices, citing developments in international food markets and the base effect from last year’s low inflation. The bank said inflation…
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