Central Bank Watch
Rate Cuts in Georgia and Hungary
December 20, 2023
The National Bank of Georgia‘s key interest rate was cut by 50 basis points to 9.5%. This was the fourth reduction since May, bringing the cumulative drop to 150 basis points. The peak rate of 11.0% had been maintained from March 2022 until May 2023. More reductions lie ahead. CPI inflation of merely 0.1% in […] More
New Overnight Developments Abroad - Daily Update
Watching for Central Bank Rate Cuts
December 20, 2023
Although the most closely watched central banks like the Fed, European Central Bank, Bank of England and Swiss National Bank have not yet begun to reduce interest rates, the list of monetary authorities that have done so continues to expand. Over the past 24 hours, benchmark interest rates were cut in Hungary, Colombia and Georgia. […] More
