Georgia central bank raises policy rate despite recession

The National Bank of Georgia raised its policy rate by 50 basis points on March 17, citing rising inflation, despite the country’s severe economic contraction.

The move by the monetary policy committee brings the main interest rate to 8.5%. It comes as Georgia struggles with both rising inflation and high unemployment, along with months of political unrest after a contested election.

The central bank’s monetary policy committee cited high annual inflation in its press release explaining the

You are currently unable to copy this content. Please contact [email protected] to find out more.

Source link

Free Course

"Double Your Traffic in 30 days" + Secret Bonus

valued at $299

This amazing course will teach you, step by step, how to double if not triple your traffic over the next 30 days.

100% Privacy. We will never spam you!