Georgia's cuts refinancing rate to 4.75 pct

TBILISI Wed Feb 13, 2013 9:57am EST

Related Topics

TBILISI Feb 13 (Reuters) - Georgia's central bank cut its key refinancing rate to 4.75 percent from 5.25 percent on Wednesday after data showed annual inflation remained below the government's target for the year.

The central bank cut the refinancing rate in December to 5.25 percent from 6.00 percent.

Consumer prices declined 1.6 percent in January, year-on-year, after a 1.4 percent fall in December. Prices rose 0.3 percent in January, month-on-month.

The government's full-year inflation target for 2013 stands in the range of 3.0-3.5 percent. (Reporting by Margarita Antidze; Editing by Maria Kiselyova)

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.