Foreign exchange transactions in compliance with the FX Global Code
28.07.2022
In 2018, the Central Bank confirmed its compliance with the global code of conduct for the wholesale foreign exchange (FX) market, generally referred to as the FX Global Code.
Economic Indicators Published
30.06.2022
The Central Bank of Iceland has published Economic Indicators on its website. Economic Indicators contains a quarterly summary of economic developments, a compendium of statistics, and an update on the position of the financial system. Economic Indicators is also published in Icelandic under the title Hagvísar Seðlabanka Íslands.
Statement of the Monetary Policy Committee 22 June 2022
22.06.2022
The Monetary Policy Committee (MPC) of the Central Bank of Iceland has decided to raise the Bank’s interest rates by 1 percentage point. The Bank’s key interest rate – the rate on seven-day term deposits – will therefore be 4.75%.
Monetary Policy Committee statement and webcast today, 22 June 2022
21.06.2022
A statement of the Central Bank Monetary Policy Committee (MPC) was published on the Bank‘s website today at 8:30 hrs. At 9:30 hrs, a webcast presentation was aired where Ásgeir Jónsson, Governor and Monetary Policy Committee chair, and Rannveig Sigurðardóttir, Deputy Governor for Monetary Policy, explained the statement and the rationale behind th...
Rules on maximum LTV and DSTI ratios
15.06.2022
Two new sets of Central Bank rules were published in the Law and Ministerial Gazette [Stjórnartíðindi] today: the Rules on Maximum Loan-to-Value Ratios for Mortgage Loans to Consumers, no. 702/2022, and the Rules on Maximum Debt Service-to-Income Ratios for Mortgage Loans to Consumers, no. 701/2022. The Rules were approved at a meeting of the Centr...
Statement of the Financial Stability Committee 15 June 2022
15.06.2022
The statement of the Financial Stability Committee from its meetings the last two days has been published.
Webcast with a press conference on the statement of the Financial Stability Committee
15.06.2022
A statement of the Financial Stability Committee was published on the Central Bank of Iceland website today at 8:30 hrs. A press conference on the statement will be aired via webcast, starting at 9:30 hrs. Ásgeir Jónsson, Governor and Financial Stability Committee chair; and Gunnar Jakobsson, Deputy Governor for Financial Stability will introduce a...
Current account deficit 50.3 b.kr. in Q1/2022 – net IIP positive by 32% of GDP
01.06.2022
The current account deficit measured 50.3 b.kr. in Q1/2022. This represents a deterioration of 5.8 b.kr. relative to the previous quarter and 27 b.kr. relative to Q1/2021. The net international investment position was positive by 1,076 b.kr., or 32% of GDP, and deteriorated by 214 b.kr., or 6.4% of GDP, during the quarter.
Statement of the Monetary Policy Committee 4 May 2022
04.05.2022
The Monetary Policy Committee (MPC) of the Central Bank of Iceland has decided to raise the Bank’s interest rates by 1 percentage point. The Bank’s key interest rate – the rate on seven-day term deposits – will therefore be 3.75%.
Monetary Policy Committee statement, Monetary Bulletin and webcast today, 4 May 2022
04.05.2022
A statement of the Central Bank Monetary Policy Committee (MPC) and Monetary Bulletin will be published on the Bank's website today; the statement at 8:30 hrs. and the Bulletin at 8:35 hrs. Beginning an hour later, at 09:30 hrs., will be a webcast presentation, where Ásgeir Jónsson, Governor and Chair of the MPC; Rannveig Sigurðardóttir, Deputy Gov...