National Bank of Georgia keeps monetary policy rate unchanged

The National Bank of Georgia (NBG) is keeping the monetary policy rate unchanged at 3.75%.

On December 18, the Monetary Policy Committee of the NBG decided to leave the monetary policy rate unchanged at the previous level.

Prices change in line with forecasts of the NBG, and as it was expected, the inflation will come closer to the target indicator in late 2014.

A slight increase was recorded in economic activity in the fourth quarter. According to preliminary estimates, in October the economy grew by 3.9%.

The next meeting of the Monetary Policy Committee will be held on February 12, 2014. (Trend)