Georgian and Armenian central banks face different sides of inflation coin
The Armenian and Georgian central banks both announced interest rate changes in different directions yesterday, reflecting the contrasting challenges facing the Caucasian neighbours.
The National Bank of Georgia reduced its key policy rate by 25 basis points to 3.75% – its fifth rate cut of the year – as it continues to battle with deflation.
Price levels have been declining for the majority of the last 18 months, with annual CPI growth dropping to -2.2% as recently as March, prompting the
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