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Statement of the Monetary Policy Committee 13 June 2018

13.06.2018

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%.

Interest rate decision – webcast

12.06.2018

The Statement of the Monetary Policy Committee and its interest rate decision has been posted on the Central Bank´s website. At 10:00 a.m. a webcast will begin where Governor Mar Gudmundsson, Chairman of the Monetary Policy Committee, and Deputy Governor Arnor Sighvatsson and Member of the Monetary Policy Committee, will present the Committee´s int...

Fitch affirms Iceland at A with a stable outlook

08.06.2018

Today, rating agency Fitch Ratings affirmed Iceland’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at A with a stable outlook. According to the rating agency, this rating balances the economy’s high income per capita, strong performance on governance, human development and doing business indicators against its high commodity export depend...

Change in credit institutions’ minimum reserve requirements

05.06.2018

The Monetary Policy Committee of the Central Bank of Iceland has decided to change the arrangements for credit institutions’ minimum reserve requirements so as to divide the reserve requirement into two parts: a fixed 1% reserve requirement bearing no interest, and a 1% reserve requirement of the type that has been in place heretofore, currently be...

New Rules on Securities and Currency Trading by CBI employees

05.06.2018

The Central Bank of Iceland has issued new Rules on Securities and Currency Trading by Central Bank of Iceland Employees, which supersede the previous Rules dating from 2002. As before, the purpose of the Rules is to ensure that securities and currency trading undertaken by Central Bank of Iceland employees is in accordance with the laws and rules...

Current account surplus 0.3 b.kr. in Q1/2018 – net IIP positive by 235 b.kr.

04.06.2018

The current account surplus measured 0.3 b.kr. in Q1/2018. There was a deficit on goods trade in the amount of 27.8 b.kr and a 32.6 b.kr. surplus on services trade, as well as a 0.1 b.kr. deficit on primary income and a 4.3 b.kr. deficit on secondary income. This is included in new information published on the Central Bank of Iceland website, showi...

New interface for the publication of time series on the CBI website

01.06.2018

For a number of years, the Central Bank has used a web interface developed by the company Datamarket for the publication of time series on the Bank’s website. The American company Qlik acquired Datamarket in 2014 and decided at the beginning of this year to discontinue using the Datamarket interface.

Interest rate on Central Bank of Iceland certificates of deposit

01.06.2018

With reference to Article 10, Paragraph 2 of the Act on the Treatment of Króna-Denominated Assets Subject to Special Restrictions, no. 37/2016, the interest rate on the Central Bank of Iceland certificates of deposit specified in the Act is reviewed by the Central Bank on interest payment dates.

Minutes of the MPC

30.05.2018

Here are the minutes of the Monetary Policy Committee of the Central Bank of Iceland from the meeting held on 14 and 15 May 2018. There, the Committee discussed economic and financial market developments, the interest rate decision on 16 May, and the communication of that decision.

Monetary Bulletin 2018/2

16.05.2018

Monetary Bulletin 2018/2 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.

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