REFINANCING RATE AND ITS IMPACT ON THE COUNTRY'S ECONOMY IN THE CONTEXT OF THE COVID PANDEMIC

The conduct of monetary policy in the Covid-Pandemic conditions proved to be special, According to numerous experts and organizations, the global economic recession caused by the Covid-Pandemic has equaled the global financial crises. In such conditions, when the world is trying to deal with the virus, it seems that the management of state economic parameters and monetary policy are a secondary category, but in reality, monetary policy makers during this period constantly tried to pursue policies that would stimulate the economy and economic agents, including Georgia. The trend in monetary policy was similar in most countries, taking into account differences in national characteristics However, it should be noted that to date, both Georgia and the world have not emerged from the Covid-Pandemic situation and it is difficult to discuss concrete results, but the existing measures taken since the Covid-Pandemic began give us some basis for analysis. The general trend is, of course, to pursue a more lenient policy, but the timing is relatively different, Georgia's practice in this regard was relatively unpredictable, as it is impossible to pursue a policy of depreciation of money on the one hand, and at the same time have a negative balance of payments and the national currency is constantly devalued.