Iceland's central bank lowered its key interest rate for the third consecutive meeting to lift the economy out of a slowdown.The Monetary Policy Committee of the Central Bank of Iceland, on Wednesday, decided to lower the key interest rate by 0.25 percentage points to 3.5 percent.The bank had reduced the rate by 50 basis points in May and by 25 basis points in June."Near-term monetary policy decis...
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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.