The National Bank of Georgia reported that the Committee on Monetary Policy at its meeting decided to reduce the refinancing rate by 25 basis points to 7% from 7.25% per annum. The decision is due to a slowdown in inflation and the growth of the Georgian economy. According to official preliminary data, real GDP of Georgia for the five months of this year was 6.1%. The indicator exceeded expectations due to higher than expected external demand. This allowed the National Bank to increase the forecast for the country's GDP growth this year from 4.8% to 5.5%.
Turkish lira falls on central bank sacking, yen and dollar rise18.03.2021
Dollar on defensive after Fed dampens rate hike speculation15.03.2021
Bank of Mexico claims U.S. stimulus package to lift Mexican economy, cause market problems26.02.2021
China’s economy to expand 8-9% this year: central bank adviser