On 21st of January a meeting was held between Giorgi Kadagidze, President of the National Bank of Georgia (NBG) and economic experts in the hotel Tbilisi-Marriot to discuss current economic processes, stability of prices and the causes of inflation. President of NBG, Giorgi Kagadagidze informed the experts on the measures taken by the National Bank to reduce the negative press of increase in international prices on Georgian food market.

“Despite the fact that we are limited in monetary terms to have an influence on price increase caused by international factors, we do our best to neutralize the process and retain the inflation to a one digit index. The National Bank has already been carrying out strict policy for 6 months that is reflected in rate as well as reserve requirements. Capital Adequacy has been kept to its previous index since January,” – president of NBG, Giorgi Kagagidze stated.

During the meeting the economic experts also shared their positions on the process of inflation to the National Bank authority.

The Experts approved the National Bank’s inflation policy. “The National Bank’s vision of the issue is absolutely healthy. The NBG authority is pursuing a right policy,” was expressed after the meeting.

Meetings with economic experts are held regularly in the National Bank of Georgia. A similar meeting was held in summer 2010.