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Sweden lowers interest rate by 25 basis points

ISTANBUL: Sweden’s Central Bank decided on Tuesday to cut its policy interest rate by 0.25 percentage points to 3.5%.

The bank also signaled two or three new rate cuts for this year as the inflation outlook remains at the same level.

“Inflation is c…

China holds benchmark lending rates steady as anticipated

ANKARA: The People’s Bank of China on Tuesday kept benchmark lending rates unchanged, in line with market forecast.

The one-year loan prime rate (LPR) – the medium-term lending facility used for corporate and household loans – stands at 3.35% while t…

European exchanges close with gains

ISTANBUL: European stock exchanges closed Tuesday with gains.

The STOXX Europe 600, which includes around 90% of the market capitalization of the European markets in 17 countries, was up 2.08 points, or 0.4%, to 517.19.

The UK’s FTSE 100 added 31 po…