Bank of Iceland

Bank of Iceland Cuts Interest Rate

November 5, 2014

Iceland’s one-week central bank lending rate was changed today for the first time in two years.  A cut of 25 basis points to 5.75% reversed a similar-sized increase in November 2012 that culminated 175 basis points of tightening begun in August 2011.  The explanation in a released statement focused on lower inflation and indications of […] More

Bank of Iceland

October 1, 2014

The seven-day Icelandic collateralized lending rate was left unchanged as expected at 6.0%, its level since a 25-basis point hike in November 2012 culminated 175 basis points of tightening begun in August 2011.  A statement from the Monetary Policy Committee observes that economic growth slowed in the first half of 2014 but remains consistent with […] More

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