Governor of the National Bank of Georgia (NBG), Natia Turnava, took part in a high-level panel discussion titled “Financial Stability and the Rate Cut Cycle” during the Reykjavík International Economic Conference, where she outlined Georgia’s achievements in maintaining price and financial stability amid global uncertainty.

In her address, Turnava emphasized the importance of the NBG’s risk-based and scenario-oriented approach to monetary policy, crediting it as a cornerstone of the country’s economic resilience. She noted that Georgia has managed to keep inflation close to its target for two consecutive years, even as many countries continue to grapple with elevated inflation rates.

“Amid ongoing geopolitical tensions and successive global shocks, central banks are operating in a climate of high uncertainty,” Turnava said. “While tightening monetary policy has helped reduce global inflation, today’s discussions reinforce that financial stability must be safeguarded alongside price stability.”

She pointed to Georgia as a successful case study, highlighting the NBG’s timely policy interventions that have not only curbed inflation but also supported financial stability during a period of robust economic growth. Turnava stressed that the NBG’s macroprudential measures have played a key role in this balance.

Turnava also shared that, as of January 2025, the NBG has entered a new phase of monetary policy communication—rooted in risk management and forward-looking strategies. This evolution aligns with global best practices and positions the National Bank of Georgia as a leader in modern central banking frameworks.