The Central Bank of Georgia raised its key refinancing rate to 8.25% from 8% on Wednesday, the bank said in a statement.
The bank attributed the rate hike to geopolitical tensions in the Middle East and ongoing shipping disruptions through the Strait of Hormuz, which are creating supply-side inflationary pressure in the global economy.
Sabadell to Join Consortium to Launch Euro-Stablecoin - Sabadell (BME:SABE) will join the Qivalis consortium, a group of European banks creating a company to launch a euro-pegged stablecoin in the second half of 2026,
Markets weigh the chances of a surprise Fed rate hike - In less than 24 hours, the Fed will announce its interest rate decision. While the consensus forecast is for rates to remain unchanged, a number of market participants are expecting a surprise hike.