Georgian Prime Minister to Hold Back Inflation

Business Materials 13 December 2007 21:08 (UTC +04:00)

Georgia, Tbilisi / Тrend corr N. Kirtskhalia / The Georgian Prime Minister Lado Gurgenidze believes it is possible to keep inflation at one-digit level through increasing the interest rate for deposit certificates, he said that after the Governmental meeting.

Gurgenidze said that in 2008 there will be no financial instruments against inflation and therefore the 'front line' will pass to the National Bank. Since 2009 surplus budget will promote fighting against inflation.

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