TBILISI, DFWatch–The National Bank of Georgia further increased the refinancing rate to 6.0 percent on Wednesday.
The Bank’s president, Giorgi Kadagidze, said at a briefing that increasing the refinancing rate by half a percent is a response to an increased
TBILISI, DFWatch–The National Bank of Georgia is increasing the refinancing rate because of an expected increase in inflation, which means that loans for a certain category of clients will get more expensive.
The explanation given for the National
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
TBILISI, DFWatch – The National Bank of Georgia Wednesday decided to lower the main refinancing rate by a quarter point to 6.25%.
Lowering the rate now is an indication that the bank has an optimistic view of the country’s economy. In a statement, the bank notes that the