Sweden’s central bank has cut its key interest rate by half a percentage point to 2.75% in what was described as the largest reduction in over a decade.

Sweden's central bank lowered its key rate by a bumper 0.5 percentage point, becoming the first monetary authority to cut since Donald Trump clinched the presidency. “Econo

Sweden's central bank is likely to cut its policy rate by half a percentage point to 2.75% when it meets this week, aiming to boost the weak economy and keep inflation from undershooting the 2% target,