Bloomberg News

Georgia Leaves Main Interest Rate Unchanged as Inflation Slows

February 15, 2012

Feb. 15 (Bloomberg) -- Georgia’s central bank left its main interest rate unchanged after four reductions in borrowing costs as inflation slowed to its lowest level in more than two years.

The rate remained at 6.5 percent, the bank, based in the capital, Tbilisi, said today on its website. Consumer prices rose 0.5 percent from a year earlier in January, the slowest pace since September 2009, the Statistics Service said last month.

Neighboring Armenia left borrowing costs unchanged at 8 percent for a fifth month Feb. 7. Azerbaijan’s benchmark interest rate is 5.25 percent.

--Editors: Andrew Langley, Jeffrey Donovan

To contact the reporter on this story: Helena Bedwell in Tbilisi at hbedwell@bloomberg.net

To contact the editor responsible for this story: Balazs Penz at bpenz@bloomberg.net


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