Archive for May 10th, 2023

Central Bank Watch

Georgian Central Bank Rate Cut 50 Basis Points in First Decline Since the Early Months of the Pandemic

May 10, 2023

In the former Soviet Republic of Georgia, interest rate easing commenced today. The National Bank of Georgia’s policy rate had been cut in the early months of 2020 by 100 basis point in total to 8.0% by May of that year. The rate was raised 250 basis points during 2020 and topped by an additional […] More

New Overnight Developments Abroad - Daily Update

U.S. April CPI Figures Not Worse Than Expected, and That Just May Be Sufficient for Fed Policy to Pause

May 10, 2023

The dollar fell overnight by 0.6% against the yen, 0.3% relative to the euro, 0.2% vis-a-vis the Australian and New Zealand currencies, and 0.1% versus the British pound. Ten-year sovereign debt yields are down today by six basis points in the United States, five bps in France and Italy, four bps in Germany and the […] More