July 24, 2019 / 10:26 AM / a month ago

UPDATE 1-Georgia's c.bank holds key refinancing rate at 6.5 pct

(Adds CPI data)

TBILISI, July 24 (Reuters) - Georgia’s central bank said on Wednesday it had kept its refinancing rate unchanged at 6.5%.

The central bank cut the rate to 6.75% in January and to 6.50% in March and kept it unchanged in May and June.

Consumer prices in Georgia declined 1% month-on-month in June after climbing 0.5% in May. Annual inflation in June stood at 4.3%, up from 2.2% in June 2018, but down from 4.7% in the preceding month.

The central bank will hold its next meeting on rates on Sept. 4, 2019. (Reporting by Margarita Antidze Editing by Gareth Jones)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below