National Bank of Georgia
50 Basis Point Hike to 10% the National Bank of Georgia’s Policy Interest Rate
August 4, 2021
Officials at the National Bank of Georgia authorized this year’s third refinancing rate hike, this time by 50 basis points to 10.0%. There had also been increases of 50 bps in March and 100 bps in April. Tighter monetary policy has been necessitated by a spike in inflation to 11.9%, which is way above the […] More
A Double Feature for Investors Today of Big Events: Powell then Biden
April 28, 2021
The FOMC wraps up its two-day policy review today. The policy statement, due at 14:00 EDT, will concede a brightening growth picture with accelerating inflation but is unlikely to modify forward guidance that welcomes a period of inflation somewhat above target rather than aiming to quash such quickly. Fed Chairman Powell’s press conference afterward begins […] More
Intensifying Pandemic and Coming U.S. Election Rattle Investor Confidence
October 28, 2020
The world has experienced another very bad 24 hours with the coronavirus. Globally reported cases have risen by almost a half million people, and and the United States suffered over a 1000 more Covid-related deaths. For America, the first wave of the epidemic never really ended, whereas Europe is clearly into a second wave, and […] More
