National Bank of Georgia highlights scenario based monetary policy approach in conference remarks on inflation and fragmentation

The National Bank of Georgia published remarks by Governor Natia Turnava from an international conference organised by the Central Bank of Armenia and RBWC, where she said Georgia had maintained price stability alongside strong economic growth in recent years and highlighted the bank's scenario based approach to monetary policy. She said the approach is designed to make policy decisions more predictable and transparent and to improve risk assessment in a more fragmented global monetary environment. The panel discussion covered the challenges facing central banks in an increasingly fragmented international monetary system, including central bank independence, inflation management, geopolitical risks and broader global uncertainty. Turnava linked Georgia's recent macroeconomic outcomes to prudent, forward looking monetary policy and responsible fiscal policy, while the wider discussion noted that central banks are increasingly dealing with shocks that affect demand and supply at the same time.