Central Bank to continue programme of regular foreign currency sales
30.11.2020
From Tuesday 1 December through the end of the month, the Central Bank of Iceland will sell 3 million euros per day to market makers in the interbank market for foreign exchange, for a total of 66 million euros during the month. The transactions will take place soon after the market opens in the morning, and no later than 10:00 hrs.
Current account deficit of 1.2 b.kr. in Q3 2020 - Net international investment position positive by 33.5% of GDP
30.11.2020
In Q3/2020, the current account showed a deficit of 1.2 b.kr., as compared with a deficit of 5.9 b.kr. in the previous quarter. The deficit on goods trade totalled 33.9 b.kr., while the surplus on services trade totalled 20.4 b.kr. There was a 13.5 b.kr. surplus on primary income and a 1.1 b.kr. deficit on secondary income. The net international in...
November Monetary Bulletin published
18.11.2020
The November issue of Monetary Bulletin has been published on the Central Bank of Iceland website. The report, which is issued quarterly, contains the Bank’s analysis of the economic and monetary outlook.
Statement of the Monetary Policy Committee
18.11.2020
The Monetary Policy Committee (MPC) of the Central Bank of Iceland has decided to lower the Bank’s interest rates by 0.25 percentage points. The Bank’s key interest rate – the rate on seven-day term deposits – will therefore be 0.75%.
Sixon Investments not an authorized or regulated entity in Iceland
17.11.2020
The Financial Supervisory Authority of the Central Bank of Iceland (FSA) has received enquiries regarding the website Sixon Investments, which is supposedly a cryptocurrency investment platform offering various services pertaining to cryptocurrencies. The FSA would like to emphasize that it does not recognize Sixon Investments as an authorized or r...
Information on the National Bank of Slovakia’s interim decision concerning restrictions on disposal of NOVIS assets
13.11.2020
The Financial Supervisory Authority of the Central Bank of Iceland (FSA Iceland) wishes to draw attention to the Decision on an Interim Measure taken by the National Bank of Slovakia (Národná banka Slovenska, NBS) on 5 November 2020, in which NBS places restrictions on the free disposal of the assets of NOVIS Insurance Company, NOVIS Versicherungsg...
Survey of market expectations
11.11.2020
The Central Bank of Iceland conducted a survey of market agents’ expectations over the period from 2-4 November. A total of 29 agents in the bond market, including banks, pension funds, mutual and investment funds, securities brokers, and licensed asset management firms were invited to participate. Responses were received from 26 market participant...
Central Bank to continue programme of regular foreign currency sales
30.10.2020
From Monday 2 November through the end of the month, the Central Bank of Iceland will sell 3 million euros per day to market makers in the interbank market for foreign exchange, for a total of 63 million euros during the month. The transactions will take place soon after the market opens in the morning, and no later than 10:00 hrs. They will be con...
Minutes of the Financial Stability Committee meeting in September 2020
27.10.2020
The minutes of the Central Bank of Iceland Financial Stability Committee’s (FSN) meeting of 21-22 September 2020 have now been published.
Information on the status of NOVIS
23.10.2020
The Financial Supervisory Authority of the Central Bank of Iceland (FSA Iceland) makes reference to press release dated 18 and 30 September 2020, announcing a temporary ban on new sales of unit-linked insurance contracts. The ban was imposed by Národná banka Slovenska (National Bank of Slovakia, NBS) on products from NOVIS Insurance Company, NOVIS...