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Survey of market expectations

21.08.2019

The Central Bank of Iceland conducted its survey of market agents’ expectations during the period 12-14 August 2019. A total of 28 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 24 market partici...

Dr. Ásgeir Jónsson new Governor of the Central Bank of Iceland

20.08.2019

Today, Ásgeir Jónsson took over from Már Guðmundsson as Governor of the Central Bank of Iceland. Ásgeir Jónsson received a doctoral degree in Economics from Indiana University in 2001, with international finance, monetary economics, and economic history as major subjects. His doctoral dissertation was on the short-term stabilisation of economic cyc...

Monetary Policy Committee Report to Parliament

12.08.2019

The Monetary Policy Committee Report to Parliament on the Committee's work during the first half of 2019 has been published on the Central Bank’s website. The Act on the Central Bank of Iceland stipulates that the Monetary Policy Committee (MPC) of the Central Bank of Iceland submit to Parliament a report on its activities twice a year and that the...

International conference organised by the Central Bank of Iceland

12.08.2019

The Central Bank of Iceland organised an international conference on the preservation of monetary and financial stability at Reykjavík’s Grand Hotel on 12 July 2019. The conference, entitled Looking back and looking forward: How do we preserve monetary and financial stability?, was split into two sessions, each with its own focus and discussion top...

Ásgeir Jónsson appointed Governor

24.07.2019

Pursuant to Article 23, Paragraph 1 of the Act on the Central Bank of Iceland, no. 36/2001, the prime minister has appointed Dr Ásgeir Jónsson to the position of Governor of the Central Bank of Iceland for a term of five years, beginning 20 August 2019. Ásgeir Jónsson received a doctoral degree in Economics from Indiana University in the United Sta...

Minutes of the MPC

10.07.2019

Here are the minutes of the Monetary Policy Committee of the Central Bank of Iceland from the meeting held on 24 and 25 June 2019. There, the Committee discussed economic and financial market developments, the interest rate decision on 26 June, and the communication of that decision.

Annual General Meeting of the Bank for International Settlements

05.07.2019

Central Bank of Iceland Governor Már Guðmundsson attended the Annual General Meeting of the Bank for International Settlements (BIS) in Basel, Switzerland, on 30 June 2019. The BIS is a limited liability company owned by sixty central banks and is a forum for international collaboration among central banks and financial supervisors, as well as a re...

Economic Indicators 28 June 2019

28.06.2019

The Central Bank of Iceland’s Economic Indicators report for June 2019 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,...

Statement of the Monetary Policy Committee 26 June 2019

26.06.2019

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 3.75%.

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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