trending Market Intelligence /marketintelligence/en/news-insights/trending/FioS4yl3wEQLcvWWEdRPlg2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Georgia central bank hikes key rate amid elevated inflation

Street Talk Episode 56 - Latest bank MOE shows even the strong need scale to thrive

South State CenterState MOE Shows Even The Strong Need Scale To Thrive

Talking Bank Stocks, Playing The M&A Trade With Longtime Investor

Report: Kashkari Says Fed In Holding Pattern But Rate Cut Still Possible


Georgia central bank hikes key rate amid elevated inflation

Georgia's central bank delivered its fourth rate hike this year, saying it will not hesitate to tighten policy further in order to curb inflation.

In a Dec. 11 decision, the National Bank of Georgia raised the refinancing rate by 50 basis points to 9.0%.

Annual inflation rose to 7.0% in November from 6.9% in October, further overshooting the central bank's 3% target. This acceleration was attributed to a depreciation in the Georgian lari's nominal exchange rate

Policy tightening "would continue until the pressure from exchange rate is receded" in order to maintain inflation close to the target level in the medium term, the central bank said.

Policymakers expect inflation levels to start declining from March 2020 and approach the target by the end of that year.