“Financial stability is the most important area the National Bank is responsible for and the most sensitive to unpredictable environment and factors. The decisions made by the National Bank team as a result of long discussions, scenario evaluation, and analysis were suitable for this situation, i.e., they were not radical - inflation was controlled by increasing the refinancing rate, but this increase was careful and measured, so as not to slow down the economic recovery process, but still maintain the prospect of inflation falling again. Today, the National Bank has reached the stage, when it has overcome one of the most difficult periods. The country has passed through the most difficult period of the pandemic while maintaining financial stability. To ensure financial stability, the National Bank implements macroprudential policy and financial sector supervision. As a result of the macroprudential policy carried out by the National Bank, the financial sector successfully passed through the rather severe phase of the shock caused by the pandemic and continued lending to the economy without interruption even in the conditions of the pandemic," - Koba Gvenetadze said.