Central Bank Watch
National Bank of Georgia Interest Rate Reduced to 8.25% from 9.0%
March 13, 2024
Officials at the National Bank of Georgia implemented a bigger interest rate cut of 75 basis points this month than those of 50 bps at the prior two policy reviews. They cited the very low CPI inflation rate of 0.3% versus a target of 3.0% and a high-water mark of 13.9% recorded in December 2021 […] More
New Overnight Developments Abroad - Daily Update
Muted Reaction to U.S. CPI Report But Further Significant Data Coming Soon
March 13, 2024
In overnight financial market action, movements in the dollar, U.S. stock futures, and long-term interest rates were minimal even though total and core U.S. CPI figures out yesterday were marginally above expectations. Still ahead this week are the releases of U.S. retail sales, producer prices, industrial production, consumer confidence and import prices plus Chinese retail […] More
