The Refinancing Auction
NBG conducted 7-days refinancing auction on March 20, 2014. Auction volume amounted to GEL 450 mln and it was allotted to four commercial banks. The minimum interest rate was 4.00%, the maximum - 4.01%, and the weighted average - 4.00%. Refinance Auctions, the Monetary policy instrument, are held weekly, every Thursday.