Central Bank Watch
Rate Hike at the Central Bank of Iceland
August 19, 2026
Officials at the Central Bank of Iceland lifted their 7-day deposit rate by 25 basis points to 8.0%. This marks the third such tightening since March. Today’s 4-1 vote in favor of a higher interest rate comes amid elevated inflation caused by the world energy price shock. Icelandic CPI inflation was at 5.3% in July […] More
New Overnight Developments Abroad - Daily Update
More Trump-Inspired Confusion and A Slightly Softer Dollar
August 19, 2026
President Trump claims the Strait of Hormuz is cleared of mines and back to normal. Other reports suggest that little shipping traffic is passing through that crucial channel. A U.S.-threatened 50% tariff on many Canadian goods that was to go into effect today was paused last night at least for 3 days as President Trump […] More
