The Refinancing Auction
NBG conducted 7-days refinancing auction on January 30, 2014. Auction volume amounted to GEL 530 mln and it was allotted to two commercial banks. The minimum interest rate was 3.83%, the maximum - 3.85%, and the weighted average - 3.85%. Refinance Auctions, the Monetary policy instrument, are held weekly, every Thursday.