Yerevan/Mediamax/. National Bank of Georgia raised the re-financing rate from 7,5% to 8%.

This decision was caused the growth of the annual inflation rate index up to 12,3% in January, Mediamax reports quoting Trend agency.

Consumer prices in Georgia grew by 2,1% this January. “These figures are higher than the target forecasts of the National Bank,” the report reads.

The National Bank of Georgia also stated that the decrease of inflation by means of monetary instruments is possible only in conditions of sharp reduction of economic growth.