March 9, 2016 / 1:40 PM / a year ago

Georgia c.bank keeps key refinancing rate unchanged at 8 pct

TBILISI, March 9 (Reuters) - Georgia's central bank kept its key refinancing rate unchanged at 8 percent on Wednesday.

The central bank raised its key rate steeply in 2015 to control inflation and support the lari currency.

Inflation in the former Soviet country stood at 5.6 percent year-on-year in February, exceeding the 5 percent target set by the central bank for 2016. (Reporting by Maria Kiselyova and Alexander Winning; Writing by Margarita Antidze; Editing by Jack Stubbs)

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