Weekly Update from the Chief Economist

11 Oct, 2021
  • As expected, the GEL has curbed the price increase with some time lag and for the first time this year inflation print came in at a low level, though yet on a monthly basis only
  • We keep our earlier inflation outlook broadly unchanged
  • September CPI dynamics make our arguments for no further rate hikes this year and rate cuts in 2022 scenario even stronger
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