{"id":36176,"date":"2013-02-13T12:50:24","date_gmt":"2013-02-13T17:50:24","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/?p=36176"},"modified":"2013-02-13T12:50:24","modified_gmt":"2013-02-13T17:50:24","slug":"georgia-cuts-rate-by-50-bps-as-inflation-seen-below-target","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2013\/02\/13\/georgia-cuts-rate-by-50-bps-as-inflation-seen-below-target\/","title":{"rendered":"Georgia cuts rate by 50 bps as inflation seen below target"},"content":{"rendered":"<p>By <a href=\"http:\/\/www.centralbanknews.info\/\"><u>www.CentralBankNews.info<\/u><\/a> &nbsp; &nbsp; Georgia&#8217;s central bank cut its benchmark refinancing rate by 50 basis points to 4.75 percent as inflation is forecast to below the bank&#8217;s 6 percent target in the second half of 2013.<br \/>&nbsp; &nbsp; The National Bank of Georgia, which cut rates by 150 basis points in 2012, said preliminary data showed that economic activity slowed in the fourth quarter, &nbsp;indicates a decline in prices.<br \/>&nbsp; &nbsp; Lending activity remains low, due to low demand which is expected to weaken further, the central bank said.<br \/>&nbsp; &nbsp; Inflation in Georgia has been negative for the last six of eight months, with prices down 1.6 percent in January, following December&#8217;s fall of 1.4 percent, due to lower food prices.<br \/>&nbsp; &nbsp; Georgia&#8217;s Gross Domestic Product rose by an annual 2.5 percent in the fourth quarter of 2012, down from 7.3 percent in the third quarter.<\/p>\n<p>&nbsp; &nbsp; <a href=\"http:\/\/www.centralbanknews.info\/\">www.CentralBankNews.info<\/a><br \/>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By www.CentralBankNews.info &nbsp; &nbsp; Georgia&#8217;s central bank cut its benchmark refinancing rate by 50 basis points to 4.75 percent as inflation is forecast to below the bank&#8217;s 6 percent target in the second half of 2013.&nbsp; &nbsp; The National Bank of Georgia, which cut rates by 150 basis points in 2012, said preliminary data showed &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/forex-news\/2013\/02\/13\/georgia-cuts-rate-by-50-bps-as-inflation-seen-below-target\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Georgia cuts rate by 50 bps as inflation seen below target&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-36176","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/36176","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/comments?post=36176"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/36176\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/media?parent=36176"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/categories?post=36176"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/tags?post=36176"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}