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Georgia's c.bank raises key refinancing rate to 8.0 pct from 7.5 pct

Georgia's c.bank raises key refinancing rate to 8.0 pct from 7.5 pct
18.12.2015 18:30
Georgia's central bank raised its key refinancing rate to 8.0 percent from 7.5 percent on Wednesday in an effort to preserve financial stability, control inflation and support the lari currency.
   
Inflation in the South Caucasus country stood at 6.3 percent year-on-year in November, up from 5.8 percent in the previous month and exceeding the 6 percent target set by the government for 2015.

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