National Bank of Georgia to overhaul communication strategy

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The National Bank of Georgia is changing the way it communicates monetary policy decisions, as it looks to maximise the efficacy of its inflation-targeting regime.

The central bank adopted an inflation target in 2009, and has since sought to improve its macroeconomic forecasting, policy analysis, and the way it communicates its policy to the public.

It is currently pursuing a long-run inflation target of 3%, and a medium-term inflation target - which is set independently by the central bank - of

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