Central Bank

Statement of the Financial Stability Committee and webcast


A statement of the Financial Stability Committee will be published on the Central Bank of Iceland website at 08:30 hrs. tomorrow, 8 December 2021. An hour later, at 9:30 hrs., a press conference on the statement will be held. At the press conference Ásgeir Jónsson, Governor and Financial Stability Committee chair; and Gunnar Jakobsson, Deputy Gover...

Current account surplus 13.1 in Q3/2021 – net IIP positive by 41.1% of GDP


The current account surplus measured 13.1 in Q3/2021. This represents an improvement of 50 relative to the previous quarter and 12.5 relative to Q3/2020. The net international investment position was positive by 1,294, or 41.1% of GDP, and improved by 175, or 5.6% of GDP, during the quarter. Foreign assets totalled 4,9...

Minutes of the Financial Stability Committee meeting of 5 November 2021


The minutes of the 5 November 2021 meeting held by the Central Bank Financial Stability Committee have been published on the Bank’s website. At the meeting, the Committee discussed matters relating to powers of resolution. The Committee also discussed rules capping the debt service-to-income ratio on consumer mortgages.

Statement of the Monetary Policy Committee 17 November 2021


The Monetary Policy Committee (MPC) of the Central Bank of Iceland has decided to raise the Bank’s interest rates by 0.5 percentage points. The Bank’s key interest rate – the rate on seven-day term deposits – will therefore be 2%.

November Monetary Bulletin published


The November issue of Monetary Bulletin has been published on the Central Bank of Iceland website. The report, which is issued quarterly, contains the Bank’s analysis of the economic and monetary outlook.

Monetary Policy Committee statement, Monetary Bulletin and webcast


A statement of the Central Bank Monetary Policy Committee (MPC) will be published on the Bank's website today at 08:30 hrs., followed by Monetary Bulletin, published at 08:35 hrs. An hour later, at 09:30 hrs., a webcast presentation starts, where Ásgeir Jónsson, Governor and Chair of the MPC; Rannveig Sigurðardóttir, Deputy Governor for Monetary Po...

Survey of market expectations


Findings from the Central Bank of Iceland’s survey of market expectations indicate that market agents expect inflation to average 4.6% in Q4/2021 and then ease next year to an average of 4.4% in Q1/2022. This is higher inflation than market agents expected in the survey from August. Two-year inflation expectations are broadly unchanged from the las...

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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