Statement of the Monetary Policy Committee 26 June 2019
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 3.75%.
Interest rate decision and webcast
The Bank will publish the Monetary Policy Committee’s (MPC) interest rate decision on its website tomorrow 26 June 2019 at 08:55. At 10:00, a press conference will begin where Már Gudmundsson, Governor and Chair of the MPC, and Rannveig Sigurdardottir Deputy Governor and member of the MPC, will explain the rationale behind the Committee’s decision.
Nobel prize of Halldór Laxness on display in the numismatic collection in the Central Bank on 17 June
On the occasion of the 100 year anniversary of the first novel of Halldór Kiljan Laxness, Child of Nature, a special exhibition of items relating to Nobel laureate, including the Nobel medal, will be on display in the Central Bank and National Museum numismatic collection at Kalkofnsvegur between 14:00 and 18:00 on the National Day of Iceland on 17...
Minutes of the MPC
Here are the minutes of the Monetary Policy Committee of the Central Bank of Iceland from the meeting held on 20 and 21 May 2019. There, the Committee discussed economic and financial market developments, the interest rate decision on 22 May, and the communication of that decision.
Governor‘s speech at the Government Borrowers Forum 2019
Governor Már Guðmundsson gave a keynote address at the Government Borrowers Forum 2019 which is organised by the World Bank and the Ministry of Finance and Economic Affairs in Harpa, Reykjavík on 3-5 June.
Current account surplus 35.1 b.kr. in Q1/2019. Net IIP positive by 597 b.kr.
The current account surplus measured 35.1 b.kr. in Q1/2019. The surplus on external goods trade measured 3.5 b.kr., and the surplus on services trade was 29.7 b.kr. There was a 8.5 b.kr. surplus on primary income and a 6.7 b.kr. deficit on secondary income. Foreign assets totalled 3,746 b.kr. at the end of the quarter, while foreign liabilities tot...
Interest on Central Bank of Iceland certificate of deposit CBI2016
With reference to Article 10, Paragraph 2 of the Act on the Treatment of Króna-Denominated Assets Subject to Special Restrictions, no. 37/2016, interest rates on the certificates of deposit specified in the Act are reviewed by the Central Bank on interest payment dates. The Central Bank has decided that as of the interest payment date, 2 June 2019,...
Amended Rules on securities eligible as collateral for Central Bank facilities
The Central Bank has issued rules amending the Rules on Central Bank of Iceland Facilities for Financial Undertakings, no. 553/2009, with the aim, among other things, of expanding the range of assets that financial institutions may provide as collateral for Central Bank facilities. In the main, this entails amending Article 11 of Rules no. 553/2009...
Monetary Bulletin 2019/2
Monetary Bulletin 2019/2 has been published on the Central Bank's website. Monetary Bulletin is published four times a year. The May 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 22 May 2019
The Monetary Policy Committee (MPC) of the Central Bank of Iceland has decided to lower 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 4%. According to the Bank’s new macroeconomic forecast, published in the May issue of Monetary Bulletin, the GDP growth out...