Koba Gvenetadze, Governor of the National Bank of Georgia, took part in the annual Euromoney Central and Eastern Europe Forum. The two-day forum was attended by investors, politicians, financiers and Central Bank Governors of different countries.

Koba Gvenetadze discussed several aspects of monetary policy at the forum: inflationary expectations, fiscal and monetary policy against the background of global challenges, central bank digital currency, risks and opportunities. Koba Gvenetadze spoke at length about the decisions made by the National Bank of Georgia in these areas.

"Central banks should be vigilant enough to avoid unanchoring of inflation expectations, no matter what the initial trigger was – supply or demand. The National Bank of Georgia, against a background of rising inflation, has raised the policy rate several times while actively communicating that the tightened policy stance would be in place until there are clear signs that inflation is going back to the target. Notably, market inflation expectations seem to be aligned with this message as, for example, longer-term interest rates on government securities are even lower than the current policy rate as the market expects inflation to decrease".

In addition, the NBG Governor spoke extensively about the prospects of digital currency, focusing on the actions taken by the National Bank of Georgia.

The NBG Governor and Mirza Gelashvili, Deputy Minister of Finance, made a joint presentation on the country's fiscal and monetary policy at the meeting with investors, organized by Raiffeisen Bank International, as part of the Euromoney Central and Eastern European Forum.

Upon completion of the Forum, Euromoney initiated a meeting of the Community of Central Bank Leaders established in 2022. Important topics for central banks in the light of global challenges were discussed behind closed doors.