Minutes of the MPC
Here are the minutes of the Monetary Policy Committee of the Central Bank of Iceland from the meeting held on 2 and 3 October 2017. There, the Committee discussed economic and financial market developments, the interest rate decision on 4 October, and the communication of that decision.
Financial Stability 2017/2
The Bank’s semi-annual Financial Stability report presents an overview of the position of the financial system, its strengths and potential weaknesses, and the macroeconomic and operational risks it may face. Financial Stability is also published in Icelandic under the title Fjármálastöðugleiki
Material from an international conference held in Reykjavík on 14-15 September
A conference titled The uncertain future of global economic integration was held in Harpa Concert Hall and Conference Center, Reykjavik, Iceland on 14-15 September 2017. The conference was jointly organised by the Reinventing Bretton Woods Committee and the Central Bank of Iceland. The conference programme and presentations have been published on t...
Meeting of the Financial Stability Council
The third meeting of the Financial Stability Council was held on Monday 9 October 2017. On the agenda were potential risks in the financial system and the macroeconomic outlook. The Council decided to recommend that the Financial Supervisory Authority keep the countercyclical capital buffer on domestic exposures unchanged at 1.25%. The financial cy...
Statement of the Monetary Policy Committee 4 October 2017
The Monetary Policy Committee (MPC) of the Central Bank of Iceland has decided to lower the Bank’s interest rates by 0.25 percentage points. The Bank’s key interest rate – the rate on seven-day term deposits – will therefore be 4.25%. The outlook is for GDP growth to be weaker this year than in 2016, in part because growth in tourism has eased. The...
Economic Indicators 29 September 2017
The Central Bank of Iceland’s Economic Indicators report for September 2017 has been released and can be found here on the Bank’s website. The publication contains information on developments in prices, output, external trade, the labour market, public sector finances, asset markets, and the financial market. The information is published in chart f...
New working paper on the Central Bank‘s approach to stress testing Icelandic banks
The Central Bank of Iceland has published a new working paper describing the framework and process of its annual stress test. The paper also explains how the stress scenario is designed and discusses main aspects of Central Bank´s stress testing model.
Special Publication no. 11: Monetary policy based on inflation targeting: Iceland's experience since 2001 and post-crisis changes
The Central Bank of Iceland has published a report on the experience of the current monetary policy framework since it was adopted in March 2001, with special focus on the experience of the past few years, after changes were made to monetary policy formulation following the financial crisis.
Minutes of the MPC
Here are the minutes of the Monetary Policy Committee of the Central Bank of Iceland from the meeting held on 21 and 22 August 2017. There, the Committee discussed economic and financial market developments, the interest rate decision on 23 August, and the communication of that decision.
Current account surplus 16.3 b.kr. in Q2 – net international investment position negative by 62 b.kr.
The current account surplus measured 16.3 b.kr. in Q2/2017. There was a deficit on goods trade in the amount of 45.8 b.kr and a 60.5 b.kr. surplus on services trade, as well as a 6.8 b.kr. surplus on primary income and a 5.1 b.kr. deficit on secondary income.