Anti-inflationary measures and monetary policy tightening yield positive results, says NBG Acting President

19:48, 01.03.2024

The Acting President of the National Bank of Georgia, Natia Turnava, participated in a conference organized by the Georgian Business Association.

In a panel discussion Overview of the Georgian Economy: Macroeconomic and Sectoral Perspectives, Turnava highlighted the country’s healthy macroeconomic environment and increased economic potential.

She emphasized that investments are the primary driving force for economic growth. Turnava mentioned that inflation has been below the target level, indicating that economic growth is occurring due to productivity growth.

She expressed the view that the pace of monetary policy easing should be more bold, considering the high economic growth and low inflation.

“The anti-inflationary measures implemented by the government and the tightening of monetary policy by NBG have produced very positive results”, she added.

Turnava thanked various stakeholders, including the government, profile ministries, and commercial banks, for their coordination in implementing anti-inflationary measures.

By - Tamar Tabatadze

Politics

Georgian Business Association

Natia Turnava

NBG