Minutes of the Monetary Policy Committee meeting of 23-24 August 2021
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. The minutes are published two weeks after the announcement of the Committee‘s decision.
Working Paper no. 87: Wages and prices of foreign goods in the inflationary process in Iceland
Central Bank of Iceland has published a research paper by Ásgeir Daníelsson, economist in the bank‘s Economics and Monetary Policy Department. The paper discusses econometric methods for estimation of equations to forecast inflation in Iceland.
Current account deficit 31.1 b.kr. in Q2/2021 – net IIP positive by 36.6% of GDP
Iceland’s current account showed a deficit of 31.1 b.kr. in Q2/2021. This represents a deterioration of 8.3 b.kr. relative to the previous quarter and 24.8 b.kr. relative to Q2/2020. The deficit on goods trade totalled 55.7 b.kr., while the surplus on services trade totalled 25.2 b.kr. At the end of the quarter, the net international investment pos...
IMF general allocation expands Iceland’s international reserves
The International Monetary Fund (IMF) allocated special drawing rights (SDR) to its member countries on 23 August 2021, following prior approval by the Fund’s Board of Governors on 2 August. The general allocation, equivalent to a total of 650 billion US dollars, is distributed to member countries in direct proportion to their quota with the Fund....
Webcast, MPC statement, interest rate decision and Monetary Bulletin
A statement of the Central Bank of Iceland's Monetary Policy Committee (MPC) and the Committee's interest rate decision was published at 08:30 hrs. today on the Central Bank website.
August Monetary Bulletin published
The August issue of Monetary Bulletin has been published on the Central Bank of Iceland website. The report is also issued in Icelandic under the title Peningamál.
Statement of the Monetary Policy Committee 25 August 2021
The Monetary Policy Committee (MPC) of the Central Bank of Iceland has decided to raise 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 1.25%.
Minutes of the Financial Stability Committee 28 – 29 June
The minutes of the Financial Stability Committee meeting 28 - 29 June 2021 has been published.
Monetary Policy Committee report to Parliament
The Central Bank Monetary Policy Committee’s (MPC) report to Parliament (Alþingi) on the Committee’s work in H1/2021 has been posted to the Bank’s website with supporting material.
Statement of the Financial Stability Committee 30 June 2021
Accommodative monetary and macroprudential policies and measures taken by the Government have supported households and businesses during the pandemic. In recent months, there have been signs of a strong economic recovery, and asset prices have risen materially.