Koba Gvenetadze says no reason for mitigation of monetary policy

11 March, 2020 17:10

''Currently, I see no reason for mitigation of the monetary policy,'' President of the National Bank of Georgia, Koba Gvenetadze says.

According to him, the National Bank used the most significant lever to cope with inflation and stiffened the refinancing rate.

Gvenetadze is satisfied with the outcomes.

The Monetary Policy Committee plans to hold a session on March 18.

The Bank of England reduced the monetary policy rate by 0.5% to mitigate the negative impact of the new coronavirus outbreak.

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