Central Bank Watch
Central Bank Rate Cut in Iceland
June 26, 2019
The Central Bank of Iceland’s 7-day term rate has been cut 25 basis points to 3.75% following a 50-basis point reduction at the prior monetary policy review last month. These moves represent a trend reversal from a 25-basis point increase last November. In a released statement explaining the decision, officials anticipate a contraction of domestic […] More
New Overnight Developments Abroad - Daily Update
Central Banks and Weak European Data in the Spotlight
June 26, 2019
The Central Bank of Iceland’s 7-day term rate has been cut 25 basis points to 3.75% following a 50-basis point reduction at the prior monetary policy review last month. These moves represent a trend reversal from a 25-basis point increase last November. In a released statement explaining the decision, officials anticipate a contraction of domestic […] More
