About Civil.ge
Eng | Geo | Rus
Last updated: 13:48 - 30 Apr.'16
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
30 Apr.'16 13:48
UNM Lays Out Rules for Compiling Its Party List of MP Candidates
Party list will be drawn up “based on principles and not based on anyone’s desires,” UNM’s Bakradze said.
29 Apr.'16 16:56
Opera Singer and His Potential Political Party in IRI-Commissioned Poll
Burchuladze’s movement was not too far behind from GDDG and UNM in a poll fielded in March.
28 Apr.'16 18:42
Geostat Releases Final Results of 2014 Census
Final results also include data on ethnicity and religious beliefs of country’s 3.71 million people.
28 Apr.'16 14:26
Five Men, Suspected of Trying to Sell Uranium, Arrested
The State Security Service said suspects were trying to sell 1.6kg of radioactive material for $3mln.
28 Apr.'16 11:49
Q1’16 GDP Growth 2.3% - Preliminary Data
Real GDP grew 3.4% y/y in March, after 0.8% and 2.6% growth in January and February, respectively.
27 Apr.'16 20:01
Bill Allowing PM to Run for MP Without Quitting Cabinet Post Passed in First Reading
Parliament passed amendment to the election code with 77 votes to 21 on Wednesday.
27 Apr.'16 15:27
Central Bank Cuts Key Rate to 7.5%
NBG said it plans to gradually reduce key rate to “neutral” level of 5-6% in a mid-term period.
26 Apr.'16 23:13
Georgian PM Meets U.S. Vice President
The Vice President reaffirmed U.S. support to Georgia, the White House said.
26 Apr.'16 21:57
Usupashvili Speaks of ‘Three Small Problems’ on EU Visa Liberalisation Path
EPP group’s vice-chair said visa-free should be granted only after Georgia frees “political prisoners.”
26 Apr.'16 14:55
Georgia’s Parliament Speaker Visits Brussels
Usupashvili will meet European Parliament President, EU foreign policy chief.

About Civil Georgia
Civil.Ge © 2001-2016, Daily News Online
Registered office: 2 Dolidze Str, 4-th Floor.
48