Cental Bank of Iceland

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 […] More

More Gradual Monetary Tightening Outlined for Iceland

November 4, 2015

The Central Bank of Iceland’s seven-day collateralized lending rate was hiked 25 basis points to 6.50%, half as much as two earlier tightenings engineered this year in June and August.  A statement released by the Monetary Policy Committee afterward revised projected growth upward but near-term inflation downward.  The short-term inflation outlook is considerably better than […] More