The Spring Meetings of the International Monetary Fund 2019
Governor Már Gudmundsson attended the Spring Meetings of the IMF’s International Monetary and Financial Committee, IMFC, which were held in Washington DC 12-14 April. Governor Gudmundsson represents Iceland in the IMF’s Board of Governors, which is the Fund’s highest decision-making body. Magdalena Andersson, the Swedish Finance Minister, represent...
Financial Stability 2019/1
The Bank’s Financial Stability report 2019/1 presents an overview of the position of the financial system, its strengths and potential weaknesses, and the macroeconomic and operational risks it may face. Financial Stability is also published in Icelandic under the title Fjármálastöðugleiki.
Minutes of the MPC
Here are the minutes of the Monetary Policy Committee of the Central Bank of Iceland from the meeting held on 18 and 19 March 2019. There, the Committee discussed economic and financial market developments, the interest rate decision on 20 March, and the communication of that decision.
Amended Rules on Foreign Exchange — Removal of restrictions on cross-border movement of capital pursuant to reduction in special reserve ratio
Rules amending the Rules on Foreign Exchange, no. 200/2017, were published on the Central Bank of Iceland’s website today, with the aim to lift restrictions on specific transactions related to recent amendments to the special reserve requirement. The amending Rules were also published in the Law and Ministerial Gazette (Stjórnartíðindi) today and w...
Financial Stability 2019/1 will be published on 4 April 2019
The Central Bank of Iceland´s Financial Stability report 2019/1 will be published on Thursday 4 April on the Bank´s website. At 10:00 the same day, a press conference where the contents of the report are presented will begin.
Economic Indicators 29 March 2019
The Central Bank of Iceland’s Economic Indicators report for March 2019 has been released and can be found here on the Bank’s website. The publication contains information on developments in prices, output, external trade, the labour market, public sector finances, asset markets, and the financial market. The information is published in chart form,...
Már Gudmundsson, Governor of the Central Bank of Iceland, delivered a speech at the Bank's Annual Meeting
Már Gudmundsson, Governor of the Central Bank of Iceland, delivered a speech at the Bank's 58th Annual Meeting. In his speech, the Governor looks back at developments in the Icelandic economy and financial system over the past ten years as well as looking to some future challenges in connection with the Central Bank’s tasks and objectives.
Address by the Chairman of the Supervisory Board of the Central Bank of Iceland at the Annual General Meeting
The address by Gylfi Magnússon, Chairman of the Supervisory Board of the Central Bank, at the Annual General Meeting has now been published on the Bank´s website.
Statement of the Monetary Policy Committee 20 March 2019
The Monetary Policy Committee (MPC) of the Central Bank of Iceland has decided to keep the Bank’s interest rates unchanged. The Bank’s key interest rate – the rate on seven-day term deposits – will therefore remain 4.5%. According to the newly published national accounts, GDP growth slowed between H1 and H2/2018 and inflation was down to 3% in Febr...
New Rules published on special reserve requirements and treatment of króna-denominated assets
Rules no. 223/2019, on Special Reserve Requirements for New Foreign Currency Inflows, and Rules no. 224/2019, on the Treatment of Króna-Denominated Assets Subject to Special Restrictions, have been published in the Law and Ministerial Gazette (Stjórnartíðindi). The amendments entailed in the Rules were announced in a press release posted on the Cen...