The National Bank of Georgia hosted an international seminar on the impact and risks of global economic trends, bringing together policymakers and external experts to discuss regional challenges and approaches to safeguarding financial stability. Opening the event, Vice Governor Ekaterine Mikabadze reaffirmed price stability as the central bank’s primary mandate and pointed to disinflation since early 2023, with inflation remaining below the 3% target since March. Mikabadze described “flexibility, transparency, and trust” as pillars of effective monetary policy and credited both timely tightening and gradual normalization for recent outcomes. Presentations by the National Bank of Georgia’s international advisers David Vavra and Douglas Laxton reviewed the monetary policy framework and emerging financial-sector risks; Laxton also argued that Georgia has managed inflation more effectively than many advanced economies and highlighted the value of the central bank’s open communication with commercial banks. The seminar was attended by representatives of Parliament, government, the financial sector, analytical centers, research institutions, and academia.
National Bank of Georgia 2025-01-29
National Bank of Georgia convenes seminar on global economic risks and reiterates price stability mandate as inflation stays below 3% target
The National Bank of Georgia hosted an international seminar on global economic trends, emphasizing regional challenges and financial stability. Vice Governor Ekaterine Mikabadze highlighted disinflation since early 2023, with inflation below the 3% target, attributing success to flexible and transparent monetary policy. Advisers David Vavra and Douglas Laxton reviewed the monetary policy framework, noting Georgia's effective inflation management compared to advanced economies.