Icelandic central bank

"Quite Accommodative" Icelandic Monetary Policy Unchanged

February 8, 2012

Sedlabanki’s Monetary Policy Committee (MPC) retained a 4.75% Icelandic seven-day collateralized lending rate.  This is 175 basis points lower than on-year inflation even after two 25-basis point increases administered last August and November.  A statement from the MPC accentuates the upward bias of rates in the future, calling the present stance "quite accommodative" and conceding […] More