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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...

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...

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Incentives

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. Generous support for R&D.

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