europe
Icelandic 7-Day Lending Rate Cut By Another 100 Basis Points
December 11, 2009
The Central Bank of Iceland slashed its key benchmark rate by a further percentage point to 10% on Thursday. Six cuts since March 19 have cumulated to 800 basis points from the peak of 18% observed after an IMF-mandated 600-bp rate hike in October 2008. After cuts of 100 bp last March, 150 bp in [...] More
