
According to the President of the National Bank of Georgia, Koba Gvenetadze, a reduction in the monetary policy rate is not expected this year.
He told reporters that a reduction in the monetary policy rate is expected in January next year, despite the slight increase in the annual inflation in September, which was also predictable.
"The international commodity price indices are decreasing, although this is partially reflected in Georgia, however, since it is an open economy country. In addition, the stability of the GEL exchange rate means that the imported inflation has been reduced and it will not increase, and the tightened monetary policy that we have today is an important factor.
All prerequisites exist for inflation to start decreasing by February in Georgia, other things being equal," - Gvenetadze explained.
0
0
One US dollar trades at GEL 2.7160
11/07/2025