The Monetary Policy Committee of the National Bank of Georgia met on
July 18, 2012 and decided to keep its Main Policy Rate (the refinancing rate)
unchanged at 5.75 percent. The
mentioned decision was made due to the growth of the inflation rate.
According to the existing forecasts the inflation is
expected to continue moderate growth and will achieve its target value in the
second half of the next year. The annual inflation in June equaled 0.2%.
The next meeting of the Monetary Policy Committee will be
held on August 29, 2012.