Georgia Economics - Modest Inflation and Softening Growth Prompt Monetary Easing
Georgia's National Bank (NBG) cut the key policy rate for a second time this year, by 25 bps, on March 13. The bank cited modest inflation readings (inflation remains below the target) as the main reason for the cut, though other factors, such as the stability of the lari and softening economic growth in light of falling FDI and weakening investment activity, could be at play too. The bank began the easing cycle last July but halted it in 2H18 due to increased FX volatility. The lari has stabilized since the beginning of the year, though it remains quite sensitive to EM currency volatility, particularly in the Turkish lira and Russian ruble.
Sberbank CIB Investment Research is a research firm offering equity, fixed income, economics, and strategy research. It covers analysis on all aspects of Russia’s capital markets, issues and industries. The firm analyzes trends in Russia and combines local knowledge with a global perspective. It processes macroeconomic data, market and company-specific news, stock quotes and other information for providing research reports. The firm provides details and latest prices on the most traded names and most traded paper on all segments Russian market. In strategy research, it provides thematic research, tips and descriptions of the methodology used to evaluate companies.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.