Refinancing Auction

Refinancing Auction

22 May, 2014

NBG conducted 7-days refinancing auction on May 22, 2014. Auction volume amounted to GEL 510 mln and it was allotted to six commercial banks. The minimum interest rate was 4.00%, the maximum - 4.07%, and the weighted average - 4.00%. Refinance Auctions, the Monetary policy instrument, are held weekly, every Thursday.