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Wednesday, August 2, 2023

Rate Cut at National Bank of Georgia

The National Bank of Georgia’s benchmark interest rate has been cut a second time. The drop of 25 basis points to 10.25% follows an initial 50-basis point reduction in May. The rate remains above the pandemic low of 8.0% and Georgian on-year CPI inflation, which at 0.6% in June was its lowest in 79 months […]

* This article was originally published here

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