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The National Bank of Georgia reported that the Committee on Monetary Policy at its meeting decided to reduce the refinancing rate by 25 basis points to 7% from 7.25% per annum. The decision is due to a slowdown in inflation and the growth of the Georgian economy. According to official preliminary data, real GDP of Georgia for the five months of this year was 6.1%. The indicator exceeded expectations due to higher than expected external demand. This allowed the National Bank to increase the forecast for the country's GDP growth this year from 4.8% to 5.5%.
The Bank of England will announce next week how quickly it expects the economy to recover from the coronavirus pandemic, but it is unlikely to add to the 100 billion pounds of the fiscal package it released in June. Britain’s economy ...
June had seen Japan’s industrial output breaking its four-month slump. The recuperation could be attributed to a modest recovery seen in broader business and consumer activity after the world’s third-biggest economy suffered from ...
Spain’s unemployment rose to 15.33% for the second quarter of 2020, according to Tuesday’s data from the National Statistics Institute amid the worsening COVID-19 situation in the country. The unemployment rate surged past the ...
Australia had seen its employment rate dropping 1.1% between mid-June and mid-July, weekly data showed on Tuesday. In addition to this, the southeastern state of Victoria recorded the sharpest plunge in employment as the state suffers from ...
The Securities and Exchange Commission (SEC) announced on Monday that UBS Financial Services Inc. (UBSG) would pay more than $10 Million to resolve charges regarding certain municipal bond offerings. UBS has agreed to pay the fine after SEC ...
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