The president of the National Bank of Georgia, Natia Ternava, stated that reducing inflation to the 3% target by 2027 is possible only if the situation in the Middle East stabilizes and global energy prices weaken.
She said this at the meeting of the Committee on Fiscal and Budgetary Issues in the Parliament, and presented the draft of the main directions of monetary policy and exchange rates for the years 2027-2029.
"If the conflict in the Middle East subsides in the coming months and the resulting inflationary pressure gradually softens, then this year inflation will average 5.4%, and in 2027 - 3.5%," TASS quotes her.