The National Bank of Georgia has published a decision by the Monetary Policy Committee. As reported by the Bank, the Committee left the refinancing rate unchanged, equaling 9%.
The annual inflation reached 7.0% in December.
The National Bank of Georgia does not rule out the maintenance of strict monetary policy for a long time.
''The normal pace of export and monetary transfers are maintained. Despite the fail in summer, the annual change of tourism income still became positive in October 2019. The previous years' trend continued in 2019,'' the National Bank reports.
The following session of the Monetary Policy Committee will be held on March 18, 2020.
Bela Gelashvili
News Author