The National Bank of Georgia held its benchmark refinancing interest rate unchanged at 8.00% and made no other changes to monetary policy. Georgia reported annual consumer price inflation of 13.5% in April, above the Bank's inflation target of 6.0%, but slightly lower than 13.9% in March. The Bank last raised interest rates by 50bps in February. According IMF statistics, Georgia saw average annual inflation of 4.95% in 2010, with the full year figure at 5.04%, while the Georgian economy grew just 2%.
www.CentralBankNews.info
0 comments:
Post a Comment