About Civil.ge
Eng | Geo | Rus
Last updated: 23:39 - 26 Nov.'14
 
RSS
Mobile
Twitter
Facebook
Central Bank Keeps Key Rate at 8%
Civil Georgia, Tbilisi / 23 Jun.'11 / 10:49

National Bank of Georgia (NBG) kept refinancing rate at 8% on June 22 for a fourth consecutive month.

Annual inflation accelerated to 14.3% in May.

NBG’s monetary policy committee said in a statement after meeting that inflation will go down to 8% by the end of year.

It said that annual core inflation, excluding food and fuel prices, “is still low” at 1.7% “Hence the demand-side inflation risks are low,” the central bank said.

“The real growth of the economy in the first quarter of 2011 has dropped compared to the previous quarters and is equal to 5.8%, indicating the reduction in the demand growth rates,” NBG’s monetary policy committee said.

Latest News
26 Nov.'14 23:39
Latvian FM Lays Out EaP Riga Summit Goals
“We definitely want to see Riga Summit as a visa liberalisation summit,” Rinkēvičs said in Tbilisi.
26 Nov.'14 11:45
Karasin on New Treaty Between Moscow and Sokhumi
Russian Deputy Foreign Minister expressed hope that dialogue with Tbilisi will continue.
25 Nov.'14 22:20
Latvian President Visits Georgia
President Bērziņš is accompanied by government members and a large group of Latvian businessmen.
25 Nov.'14 18:34
Case of Arrested MoD Officials Largely Declassified
Prosecutors said only 7% of the case, related to sensitive military information, remains classified.
25 Nov.'14 12:03
NATO ‘Doesn’t Recognize So Called Treaty’ Between Moscow and Sokhumi
NATO Secretary General said it “does not contribute to a peaceful and lasting settlement.”
25 Nov.'14 03:26
U.S. ‘Will Not Recognize Any So Called Treaty’ Between Moscow and Sokhumi
U.S. said its position “remains clear: these regions and integral parts of Georgia.”
25 Nov.'14 01:03
EU: Moscow’s Treaty with Sokhumi ‘Detrimental to Efforts to Stabilise Situation’
It “contradicts principles of international law,” EU foreign policy chief said in a statement.
25 Nov.'14 00:39
Georgian President Calls for Int’l Efforts to Counter Russia’s ‘Annexationist Policy’
Treaty signed between Moscow and Sokhumi “further aggravates situation” in region, he said.
24 Nov.'14 23:46
PM Condemns New Treaty Between Moscow and Sokhumi
Garibashvili said it shows Moscow’s “unwillingness to actually improve political relations” with Georgia.
24 Nov.'14 22:58
Georgian MFA Condemns New Treaty Between Moscow and Sokhumi
FM Beruchashvili said Tbilisi has asked for holding of UN Security Council.

About Civil Georgia
Civil.Ge © 2001-2013, Daily News Online
Registered office: 2 Dolidze Str, 4-th Floor.
48