Minutes of the Monetary Policy Committee meeting of 23 June 2020
In accordance with the Monetary Policy Committee Rules of Procedure, the minutes of the Committee's most recent meeting have been published on the Bank's website.
Monetary Policy Committee report to Parliament
The Central Bank Monetary Policy Committee’s (MPC) report to Parliament (Alþingi) on the Committee’s work in H1/2020 has been posted to the Bank’s website. The report is supplemented by a wide range of supporting material.
Minutes of Financial Stability Committee meetings in March 2020
The minutes of the Central Bank of Iceland Financial Stability Committee’s (FSC) of the Committee’s meetings in March 2020 have now been published. The FSC met three times in March and discussed the economy, developments in the domestic financial markets, the position of and risks in the financial system and in the operations of individual financia...
Financial Stability 2020/1
The Bank’s Financial Stability report 2020/1 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.
Statement of the Financial Stability Committee 1 July 2020
The most recent GDP growth forecasts for Iceland assume that GDP will contract by 8% this year. Measures adopted by the Central Bank of Iceland and the Government in response to the COVID-19 pandemic have afforded financial institutions greater scope to support households and businesses during this challenging time.
Presentation of the Financial Stability report on a webcast
The Financial Stability Committee issued a statement, and the Bank’s Financial Stability was published on the web and presented on a webcast on July 1 2020.
Announcement concerning Central Bank purchases of Treasury bonds
The Central Bank’s total purchases of Treasury bonds in the secondary market, for the first half of the year came to 892 m.kr. For Q3/2020, the Bank’s purchases could total as much as 20 b.kr.
BIS to establish Nordic Innovation Hub Centre in Stockholm
The Bank for International Settlements, BIS, announced today to establish a BIS Innovation Hub Centre in Stockholm in collaboration with the central banks in Denmark, Iceland, Norway and Sweden. The Nordic Innovation Centre will work to deepen the analysis of technological financial innovation relevant to central banks.
Economic Indicators, a quarterly summary of economic developments and compendium of statistics, have been posted here on the Central Bank of Iceland website.
Support loan agreements signed
The Central Bank of Iceland has signed agreements with Arion Bank, Kvika banki, Landsbankinn, and Íslandsbanki concerning Treasury-guaranteed support loans. The aim of the support loans is to maintain employment and economic activity by supporting small businesses that have suffered a temporary drop in revenues because of the COVID-19 pandemic and...