The National Bank of Georgia’s First Vice Governor, Ekaterine Mikabadze, participated in the annual Central and Eastern Europe International Forum in Vienna and joined a panel on central banks’ priorities. Her remarks focused on how monetary policy can remain effective under global uncertainty, including within an inflation-targeting regime and through the parallel use of macroprudential instruments. Mikabadze highlighted Georgia’s experience as a small and open economy exposed to global shocks, pointing to timely monetary and macroprudential measures as key to stabilizing inflation and anchoring expectations. She also described the National Bank of Georgia’s use of scenario-based analysis, including baseline and alternative scenarios, as a way to reduce uncertainty, increase policy flexibility, and improve understanding of policy decisions and risks, alongside an updated communication framework intended to strengthen transparency and credibility. The forum also covered financial infrastructure and fintech developments, including adoption of innovative technologies to align payment systems with international standards.
National Bank of Georgia 2026-01-15
National Bank of Georgia First Vice Governor outlines scenario based monetary policy and macroprudential approach at CEE Forum
The National Bank of Georgia’s First Vice Governor, Ekaterine Mikabadze, emphasized timely monetary and macroprudential measures to stabilize inflation and anchor expectations at the Central and Eastern Europe International Forum. She discussed Georgia's scenario-based analysis and updated communication framework to enhance policy flexibility and transparency, while the forum also addressed financial infrastructure and fintech advancements.