National Bank of Georgia Reduces Rate 25bps to 7.00%

The National Bank of Georgia reduced its benchmark refinancing interest rate by 25 basis points to 7.00% from 7.25%. The Bank said: "Given that the total output is below the potential and the existing forecasts indicate that the inflation in the next year will remain below the target, the Monetary Policy Committee of the NBG considered it appropriate to continue easing the monetary policy...