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Central Bank

Changes in exchange rate listing take effect

01.04.2020

Effective on 1 April 2020, the Bank will list only the mid-exchange rate of all currencies in its exchange rate listings. Publication of buying and selling rates has been discontinued. The Central Bank of Iceland announced the change on 9 October 2019.

Economic Indicators

30.03.2020

Economic Indicators, a quarterly summary of economic developments and compendium of statistics, have been posted here on the Central Bank of Iceland website.

Central Bank to reduce one-month term deposit supply

27.03.2020

The Central Bank has decided to reduce significantly its offerings of one-month term deposits. The next auction will be held on 1 April 2020. This decision has been made because of the radical changes that have occurred in domestic market conditions in a short period of time. It is foreseen that Treasury expenditure will increase in coming weeks an...

Annual Report 2019

27.03.2020

The Annual Report of the Central Bank of Iceland has been published on this website.

Central Bank of Iceland annual meeting to be made available via webcast

25.03.2020

It has been decided that the Central Bank of Iceland’s annual meeting, to be held on Wednesday 25 March 2020, will be open only to a very few participants. This decision has been made in order to impede the spread of COVID-19 and is in compliance with the authorities’ ban on gatherings for the next several weeks.

Webcast today at 10:00 hrs.

25.03.2020

A webcast will begin today, 25 March 2020, at 10:00 hrs., on recent monetary policy measures concerning Treasury bond purchases, together with an update on economic developments and prospects.

Statements of the Monetary Policy Committee and the Financial Stability Committee

18.03.2020

The Monetary Policy Committee (MPC) of the Central Bank of Iceland has decided to lower the Bank’s interest rates by 0.50 percentage points. The Bank’s key interest rate – the rate on seven-day term deposits – will therefore be 1.75%. The Financial Stability Committee of the Central Bank of Iceland has decided to reduce the countercyclical capital...

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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. 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