Galt & Taggart expects refinancing rate to drop to 8% in 2024
Galt & Taggart expects refinancing rate to drop to 8% in 2024

The research organization Galt & Taggart anticipates that the National Bank of Georgia will lower the refinancing rate to 8% in 2024.

This expectation is outlined in a review by the investment bank.

“The Monetary Policy Committee of the National Bank reduced the refinancing rate by 0.75 percentage points to 8.25% on March 13, 2024. Considering the current low inflation and the easing of tensions related to the Red Sea crisis, Galt & Taggart expects the refinancing rate to further decrease by an additional 0.25 percentage points to 8%,” the review notes.

The next meeting of the Monetary Policy Committee is scheduled for May 8, 2024.