Statement of the National Bank of Georgia
26 September, 2019
The existing level of the Nominal Effective Exchange rate still creates considerable inflationary pressure. To neutralize this pressure, the NBG increased the policy rate by 0.5 percentage points on September 25.
To strengthen the transmission (impact) of monetary policy, the NBG will sell USD 40 mln on FX auction tomorrow, on September 27.
The NBG will use all the instruments at its disposal to ensure the price stability.
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