Georgian violence prompts rate cut

The National Bank of Georgia has cut rates to combat the economic impact of the country's conflict with Russia.

The central bank said Wednesday that it had lowered its key policy rate, the one-week Certificate of Deposit rate, by 100 basis points to 11%.

"Some loosening is needed due to an increase in demand for liquid resources and the possible slowdown in economic activity that has resulted from the recent military operations within the nation," the central bank said. "The worsening investment

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.