"The National Bank's decision shows me that they give

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12.24 23:44 • 1437 Leaving the refinancing rate unchanged indicates that the National Bank gives priority to short-term tasks - this is how financier and business advisor Nikol Shurgaia assesses the NBG's decision. As Shurghaia told BMG, it seems that at this stage the National Bank prefers to use foreign exchange reserves to stop the fluctuations of the lari exchange rate, although, according to his assessment, the NBG is taking future risks into account less.


priority to very short-term tasks, compared to medium-term and long-term tasks. More specifically, if the refinancing rate remains unchanged, this will india fax data contribute to keeping the lending rate at a relatively low level. At the same time, in order to counteract the objective pressure on the GEL, they will continue to spend foreign exchange reserves.


Accordingly, they risk depleting the reserves and then having a sharp explosion, a sharp drop in the GEL exchange rate, rather than gradually reducing the pressure. We do not have inflation risks in the near future, these risks will arise when the GEL weakens sharply. If this happens, then the increase in the price of imported goods will be passed on to everything.