Galt & Taggart investment bank predicts that the National Bank of Georgia will cut the refinancing rate to 8% in 2024.
“on March 13, 2024, the NBG’s Monetary Policy Committee reduced its key rate by 75bps to 8.25% considering the low inflation environment along with reduced inflationary risks related to Red Sea tensions. We expect a further 25bps rate cut to 8.0% in our baseline scenario by end-2024“- the banl’s weekly review reads.
The next session of the Monetary Policy Committee will be held on May 8, 2024.
