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Georgian National Bank raises interest rates to deal with falling lari

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Georgian National Bank raises interest rates to deal with falling lari

By DFWatch staff| 2015-05-07T16:43:14+04:00 May 7th, 2015|Categories: News|Tags: inflation, interest rate, lari currency crisis 2015, main refinancing rate|

(Interpressnews.) TBILISI, DFWatch–For the second time this year, the National Bank has increased the refinancing rate by half a percentage point. The rate now stands at 5 percent. About 8,000 people will have higher interest rate on their loans because of the change. Economic […]

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Interest rates will drop, says Bank Association

Economy, News

Interest rates will drop, says Bank Association

By Rusiko Machaidze| 2012-11-02T04:04:16+04:00 November 2nd, 2012|Categories: Economy, News|Tags: interest rate|

TBILISI, DFWatch — The president of the Georgian Bank Association says the interest rate on loans will go down. Zurab Gvasalia said there is already a trend of falling interest rates on loans, but he thinks it is impossible to decrease the rates immediately. In […]