An expert Lia Eliava declared that rates of credit interest "will rise in any case, if inflation rate increases in near future". "While inflation will inevitably increase, because there is clear trend of currency rate decline", she adds. National Bank of Georgia (NBG) has already spent $440 million to maintain exchange rate, and "it seems that process of currency reserves spending will continue", Eliava points. The article states that if "inflation escapes from NBG, there will be a dilemma, because inflation growth will increase interest rates and hamper lending". While if NBG "starts struggle against inflation and toughens monetary policy, this step will cause increase of interest rate in short-term period that will negatively affect economic growth", the article reads.
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