Georgia central bank decided to keep its rates on hold at 11%. The bank has noted that while inflation remains high, it is on a downward trajectory. In February, inflation decelerated to 8.1%, with core inflation at 6.1%. The bank expects that inflation will continue to decelerate at a significant rate and is likely to be below the target level in H2 2023, which will help to anchor long-term inflation expectations to the target.