The newspaper reports that through
The increased emission already affected the interest rate, which started growth after one year of decline.
During past several years, the banks' demand for treasury bills was high, providing opportunity to maintain annual yield rate on relatively low level.
For example, demand overlapped the emission 3.1 times in 2009, 2.2 times – in 2010, 1.9 times – in 2011, 2.5 times – in 2012 and 2.2 times – in 2013, while only 1.1 times – during first 3 auctions of this year.
Accordingly, the government is forced to respond the weakened demand of the banks with increased rate, author of the article points, noting that "considering the government's plan to take domestic debt of 600 million lari this year, rates of treasury bills will increase further, following economic logic".
The newspaper reminds that several years ago, the Finance Minister
The article points that "current steps of the Minister, to put it mildly, do not coincide with his "pre-Minister" position".
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