Iceland’s 13th Central Bank Rate Cut Since March 2009

November 3, 2010

Sedlabanki reduced all its key interest rates by 75 basis points, including the seven-day collateralized lending rate to 5.5%.  Following an IMF mandate, that rate was hiked by 300 basis points to 18.0% in October 2008 around the time that many other central banks began to ease policy aggressively.  Six cuts totaling 800 basis points […] More