Bloomberg The Bank of Japan (BOJ) will leave monetary policy unchanged this week, and probably for much longer, after Prime Minister Shinzo Abe unveiled a stimulus package to bolster growth, according to a Bloomberg survey. All 45 economists polled expect no action from the bank at the end of a two-day meeting on Thursday. For the first time since April, ...

Bloomberg The world’s oldest central bank stands to be the most significant this month as it pioneers a shift away from negative interest rates. Sweden was among the handful of economies that reduced key interest rates half a decade ago below zero. Now officials at the Riksbank — founded in 1668 — insist the policy has done its stimulus work, ...

JEDDAH / WAM The First Abu Dhabi Bank (FAB), announced that it further expands into the Kingdom of Saudi Arabia with the opening of a branch in Jeddah. The Saudi Arabian Monetary Authority (SAMA), has granted FAB a licence to open three branches in the Kingdom, with the bank commencing operations in Riyadh and Al Khobar earlier in 2019. Commenting of ...