Interview with Governor Ingimundur Friðriksson
Ingimundur Friðriksson, Governor of the Central Bank of Iceland, addressed issues including the policy interest rate, financial market turmoil and the Icelandic currency in an in-depth interview with Morgunblaðið daily newspaper on September 13. Following is a translation of the interview.
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Inflation beyond the tolerance limit
At the beginning of September, the twelve-month rise in the consumer price index measured 4.2%. The inflation target is 2½%.
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Central Bank of Iceland Working Paper No. 36 has been published
Central Bank of Iceland Working Paper No. 36 has been published on the website of the Bank.
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English summary from the Board of Governors' press conference on September 6.
The following is an English summary of the main questions and answers after the formal introduction by the Chairman of the Board of Governors at the Press Conference on September 6, 2007.
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Policy announcement by the Board of Governors of the Central Bank of Iceland
Policy interest rate unchanged The Board of Governors of the Central Bank of Iceland has decided to leave the Bank’s policy interest rate unchanged at 13.3%. The inflation forecast published in Monetary Bulletin in July this year implied that a reduction in the policy rate would not be possible until the first half of 2008.
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