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Financial Stability 2018/1

12.04.2018

The Bank’s Financial Stability report 2018/1 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

Annual Report 2017

05.04.2018

The 2017 Annual Report of the Central Bank of Iceland has now been published on this website. The report contains the consolidated annual accounts for 2017 and various chapters on the Bank’s tasks and activities, including monetary policy, the financial system, foreign reserves, and Treasury debt management.

The Annual Meeting of the Central Bank of Iceland

05.04.2018

The Annual Meeting of the Central Bank of Iceland will be held today, Thursday 5 April 2018. Speeches will be given by the Chairman of the Supervisory Board, Thórunn Gudmundsdóttir, Prime Minister Katrín Jakobsdóttir and Governor Már Gudmundsson.

Minutes of the MPC

28.03.2018

Here are the minutes of the Monetary Policy Committee of the Central Bank of Iceland from the meeting held on 12 and 13 March 2018. There, the Committee discussed economic and financial market developments, the interest rate decision on 14 March, and the communication of that decision.

Economic Indicators 28 March 2018

28.03.2018

The Central Bank of Iceland’s Economic Indicators report for March 2018 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,...

Governor’s statement on the special reserve requirement on capital inflows

15.03.2018

At the press conference on 14 March where the Monetary Policy Committee‘s interest rate decision was explained, Governor Már Gudmundsson gave a statement on the special reserve requirement on capital inflows. The English translation of the statement has now been published on the website of the Central Bank of Iceland.

Statement of the Monetary Policy Committee 14 March 2018

14.03.2018

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 4.25%. According to the national accounts published by Statistics Iceland on 9 March 2018, year-2017 GDP growth measured 3.6%, which is...

Interest rate decision and webcast

13.03.2018

Tomorrow, Wednesday 14 March 2018, the Central Bank of Iceland will air a webcast where the Monetary Policy Committee‘s interest rate decision is explained. At 8:55 a.m. the Statement of the Committee will be posted on the Bank‘s website and at 10:00 a webcast will begin.

Get in touch

For further information on the benefits of establishing a business in Iceland please feel free to contact us.

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