Annual inflation will decrease to 6% in March, while the rate might amount to 5% in March, - TBC Chief Economist Otar Nadaraia noted while talking to BMG. According to him, the economy is ready for easing the monetary policy, because the inflation forecast for the next 12 months looks promising.
"We think that in March and April, the annual inflation rate will decrease - to 6% in March, while in April - to 5%. In our assessment, the decision to cut the monetary policy rate has already matured with the argument, that the rate and other measures unfortunately cannot replace past inflation. The main thing is the forecast for the next twelve years, and in this regard, the inflation forecast is quite promising", says Otar Nadaraia.
The annual inflation rate stood at 8.1% in February 2023.
