Central Bank

Interest rate decision, webcast, and Monetary Bulletin release


The Bank has published the Monetary Policy Committee’s (MPC) interest rate decision on its website as well as the Monetary Bulletin 2017/4. At 10:00 hrs., a press conference will begin where Már Guðmundsson, Governor and Chair of the MPC, and Þórarinn G. Pétursson, Chief Economist and MPC member, will explain the rationale behind the Committee’s de...

Monetary Bulletin 2017/4


Monetary Bulletin 2017/4 has been published on the Central Bank's website. Monetary Bulletin is published four times a year. The November 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 15 November 2017


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 Monetary Bulletin 2017/4, GDP growth will slow signific...

Survey of market expectations


The Bank’s market expectations survey was carried out between 30 October and 1 November 2017. A total of 30 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 23 market participants, giving a respons...

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...

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Iceland focuses on a favorable business environment, including low corporate tax, availability of land and green energy at competitive prices and efficiency within European legislative framework. New direct investment projects can apply for an investment agreement, ensuring generous regional incentives, including a corporate tax rate ceiling of only 15%.

Why Iceland

Along with having one of the lowest corporate tax rate in Europe, Iceland has a highly educated workforce which is ranked among the highest in the world, offers competitively priced renewable energy with an advanced infrastructure making Iceland an ideal location for investors