Stockholm / AFP Sweden’s central bank on Thursday cut its key interest rate by 15 basis points to a new all-time low of -0.5 percent, citing the risk of slowing inflation and falling confidence in its monetary policy. The bank moved its key rate into negative territory in February 2015 in a bid to encourage spending amid three years of ...

Bloomberg International Islamic Liquidity Management Corp., which counts nine central banks as its shareholders, plans to sell $1.34 billion of three-month bills in its biggest offer since being set up in 2010 to support Shariah-compliant financial activity. The Kuala Lumpur-based institution, which added two more primary dealers to its existing network of nine last week, will auction the Islamic notes ...

Bloomberg The Azeri central bank said the job of overhauling the financial industry is almost done after shuttering every seventh lender in the country in 15 days and pushing several others to merge. “The process of restructuring the banking sector has mostly been completed,” Namiq Aliyev, head of the central bank’s press service, said Thursday in an e-mailed response to ...