Georgia

Georgia’s central bank held its policy rate at 8%, expressing confidence that the current stance will maintain inflation within the 3% target in the near future. However, it noted high uncertainty in the macroeconomic outlook due to domestic and geopolitical factors, which could increase the “risk of worsening inflation expectations.” The bank stated that if inflationary risks do not materialize, it will resume gradual policy easing toward the neutral level of 7%.