Economic Press Monitor: Macroeconomics & Budget
October 19, 2021
BANKEBI DA FINANSEBI: “ARCHIL MESTVIRISHVILI: WE WOULD TIGHTEN MONETARY POLICY EVEN MORE”
Archil Mestvirishvili, vice-president of National Bank of Georgia (NBG), said that “the biggest challenge for our country in terms of monetary policy and in general, is high inflation”, which is “mainly caused by external factors”. “If aggregated demand in previous periods was aimed at reduction of inflation, already in 2021, as we have increased economic activity, the aggregate demand no longer reduces the existing inflation”, Mestvirishvili pointed.
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