Central Bank of Georgia Cuts Rate 25bps to 6.50%

The National Bank of Georgia reduced its benchmark refinancing interest rate by 25 basis points to 6.50% from 6.75%. The Bank said: "Existing forecasts indicate that given the unchanged policy stance, the inflation rate will remain below the target. Hence the Monetary Policy Committee of the NBG considered it appropriate to continue easing the monetary policy and decided to decrease the...