Bank of Iceland

October 4, 2017

Monetary officials in Iceland implemented a 25-basis point cut of the 7-day term deposit rate after today’s policy review. This reduction to 4.25% follows similar cuts in May and June. While officials consider a generally tight stance appropriate, today’s released statement observes that “developments in inflation and inflation expectations and diminishing demand pressures indicate that the Bank’s real rate is sufficient at present to keep inflation broadly at target.”

Copyright 2017, Larry Greenberg. All rights reserved. No secondary distribution without express permission.

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