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NBG Keeps Key Refinancing Rate Unchanged at 8% - Civil Georgia
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NBG Keeps Key Refinancing Rate Unchanged at 8% - Civil Georgia
On December 17, the Monetary Policy Committee of the National Bank of Georgia (NBG) decided to keep its key refinancing rate unchanged at 8%, maintaining what it called “a moderately tight monetary policy.” The central bank has not adjusted the rate since May 2024. The NBG said annual inflation stood at 4.8% in November, driven mainly by food prices, which it attributed to a low base effect from last year and external factors. Core inflation, ex…
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