MPC Meeting with a Parliamentary committee
The Act on the Central Bank of Iceland stipulates that the Monetary Policy Committee (MPC) of the Central Bank of Iceland shall submit to Parliament (Althingi) a report on its activities twice a year and that the contents of the report shall be discussed in the Parliamentary committee of the Speaker’s choosing. The fifteenth meeting will be held on...
New Memorandum of Understanding for financial stability in the Nordic and Baltic countries
The relevant ministries, central banks, financial supervisory authorities and resolution authorities in the Nordic and Baltic countries, have signed a Memorandum of Understanding (MoU) on cooperation and coordination on cross-border financial stability.
A webcast on the interest rate decision published this morning began at 10 a.m. Today, the Central Bank of Iceland published the latest interest rate decision of the Monetary Policy Committee. The Monetary Bulletin was published as well. As before, the Bank does not take responsibility for technological difficulties or other circumstances that coul...
Monetary Bulletin 2018/1
Monetary Bulletin 2018/1 has been published on the Central Bank's website. Monetary Bulletin is published four times a year. The February issue contains updated inflation and macroeconomic forecasts and an abbreviated report on economic and monetary developments and outlook. Monetary Bulletin is also issued in Icelandic under the title Peningamál.
Statement of the Monetary Policy Committee 7 February 2018
The Monetary Policy Committee (MPC) of the Central Bank of Iceland has decided to keep the Bank’s interest rates unchanged. The Bank’s key interest rate – the rate on seven-day term deposits – will therefore remain 4.25%. According to the Central Bank’s new macroeconomic forecast, published in the February Monetary Bulletin, the outlook is for GDP...
Interest rate decision and webcast
On Wednesday 7 February 2018, the Central Bank of Iceland will publish the latest interest rate decision of the Monetary Policy Committee. At 8:55 a.m. the Statement of the Committee will be posted on the Bank‘s website and Monetary Bulletin will be published at 9 a.m.
Survey of market expectations
The Bank’s market expectations survey was carried out between 29 and 31 January 2018. A total of 29 agents in the bond market, including banks, pension funds, mutual and investment funds, securities brokers, and licensed asset management firms were invited to participate. Responses were received from 24 market participants, giving a response ratio...
The ECB again quotes a reference rate for the Icelandic krona
As of February 1, 2018, the Icelandic króna is again among the currencies for which the European Central Bank quotes a daily reference rate. The ECB had not quoted a rate for the króna since 2008.
Meeting of the Financial Stability Council
The first meeting of the Financial Stability Council in 2018 was held on Thursday 18 January. On the agenda were potential risks in the financial system and the macroeconomic outlook. The Council decided on 19 December 2017 to recommend that the Financial Supervisory Authority keep the countercyclical capital buffer on domestic exposures unchanged...
Monetary Policy Committee report to Parliament
The Monetary Policy Committee report to Parliament on the Committee's work during the second half of 2017 has been published on the Central Bank’s website. The Act on the Central Bank of Iceland stipulates that the Monetary Policy Committee (MPC) of the Central Bank of Iceland submit to Parliament a report on its activities twice a year and that th...