Archive for September 13th, 2023

Central Bank Watch

Interest Rate Cut by the National Bank of Georgia

September 13, 2023

The National Bank of Georgia implemented its third interest rate cut of 2023, lowering such by 25 basis points to 10.0%. The cut matches a 25-bp move done last month after an initial 50-basis point reduction in May. Previously, the rate had been increased from 8.0% to 10.5% during 2021 and by 50 basis points […] More

New Overnight Developments Abroad - Daily Update

Modestly Firmer Dollar Ahead of U.S. Consumer Prices Release

September 13, 2023

The dollar strengthened 0.2% overnight against the yen, euro, sterling and Swiss franc. Analysts project a slight rise in overall U.S. CPI inflation but another slowdown in core inflation that excludes food and energy. U.S. stock futures are a bit softer. Share prices closed down 0.7% in Australia, 0.5% in China, and 0.2% in Japan. […] More