Icelandic interest rate hike

Iceland’s Interest Rate Hike

May 16, 2012

Many analysts were surprised by today’s announced increase of the Bank of Iceland’s 7-day collateralized rate to 5.5%.  The three prior increases on March 21, November 2, and August 17, 2011 were by 25 basis points, and the escalating euro debt crisis dissuaded some from expecting any Icelandic move now. A statement on the Sedlabanki […] More