This would slightly reduce economic activity
Posted: Sat Jan 04, 2025 4:56 am
This is the risk of an explosion. Now everything should be fine, let this situation calm down somehow and then they will do something - this is the action of the National Bank," said Nikoloz Shurghaia. When asked whether it would be more appropriate, given the current situation, to slightly increase the refinancing rate, the financier states that in such a case, economic activity would slow down, although the pressure on the GEL would be somewhat relieved.
"Logically, an organization that thinks about the long-term good would slightly raise the interest rate, which would reduce the pressure on the lari to some extent, and thus reduce the risk of a future explosion. Rather than india fax data just holding onto the high demand for foreign currency with reserves now and then risking that it all explodes later. I think that on the other side of the scale was an increase in the rate, and thus a gradual reduction in pressure.
, but in return, it would also prevent future pressure," Nikoloz Shurghaia noted. For your information, the Monetary Policy Committee of the National Bank decided to leave the monetary policy rate (refinancing rate) unchanged at its meeting on December 18, 2024. The monetary policy rate is 8 percent. Refinancing rate Monetary policy Lari exchange rate Foreign exchange reserves National Bank Nikoloz Shurgaia Similar news Lasha Kavtaradze What is the impact of the decrease in the refinancing rate on the GEL exchange rate? - Economist's assessment 23:55 - 19.
"Logically, an organization that thinks about the long-term good would slightly raise the interest rate, which would reduce the pressure on the lari to some extent, and thus reduce the risk of a future explosion. Rather than india fax data just holding onto the high demand for foreign currency with reserves now and then risking that it all explodes later. I think that on the other side of the scale was an increase in the rate, and thus a gradual reduction in pressure.
, but in return, it would also prevent future pressure," Nikoloz Shurghaia noted. For your information, the Monetary Policy Committee of the National Bank decided to leave the monetary policy rate (refinancing rate) unchanged at its meeting on December 18, 2024. The monetary policy rate is 8 percent. Refinancing rate Monetary policy Lari exchange rate Foreign exchange reserves National Bank Nikoloz Shurgaia Similar news Lasha Kavtaradze What is the impact of the decrease in the refinancing rate on the GEL exchange rate? - Economist's assessment 23:55 - 19.