AFP The Central Bank of Iceland on Wednesday cut its benchmark interest rate by half a percentage point to 5.25 percent, saying inflation remained low despite rising wages and strong growth. “Inflation has remained below target for two-and-a-half years. In July it measured 1.1 percent, the lowest inflation rate since the beginning of 2015,” the bank said. “The krona ...

  AFP The European Central Bank (ECB) may be forced to bolster its monetary stimulus programmes if governments fail to act to boost their economies, board member Benoit Coeure said on Tuesday. “If there is not much taking place on the structural reform front, if there’s not much taking place on the fiscal policy front… then the ECB will do ...

  AFP World Bank chief Jim Yong Kim will seek a second term of office, the global development lender said as it announced the start of a selection process for the presidency. Kim’s bid to remain as president comes in the face a rare public rebuke from the Bank’s rank-and-file, who earlier this month declared that the institution faced a ...