September 19, 2019 / 8:51 AM / a month ago

Georgia's c.bank to tighten monetary policy until inflation stabilises-governor

TBILISI, Sept 19 (Reuters) - Georgia’s central bank plans to tighten monetary policy further, if there is pressure on inflation from depreciation of the lari currency, the central bank governor said.

Koba Gvenetadze told Reuters in an interview that he expected annual inflation to be above the target level of 3% and to reach around 5% by the end of this year.

He added that expected economic growth in 2019 is seen to be around 4.5% and current account deficit to decline to 4-5% from 7.7% in 2018. (Reporting by Margarita Antidze; editing by Katya Golubkova)

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