National Bank of Geogia
Interest Rate Cut by the National Bank of Georgia
January 31, 2024
Officials at the National Bank of Georgia reduced its key interest rate by another 50 basis points to 9.0%. 150 basis points of easing had earlier been done during the final seven months of 2023. Rate reduction since last May of 200 basis points reverses two-thirds of the prior 300 basis points of tightening implemented […] More
A Negative U.S. Jobs Surprise and Global Covid Cases Climbs Above 200 million Threshold
August 4, 2021
Wednesday brought two pieces of discouraging news. ADP’s 330k monthly estimate of private U.S. employment growth in July was only about half as much as forecasters were anticipating, down from a 2Q average of 729k per month, and the lowest increase since February. Fed officials have made clear that labor market trends will exert very […] More
