Economic Indicators have been published,
Economic Indicators have been published
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Statement of the Central Bank of Iceland Monetary Policy Committee: Unchanged monetary policy stance
The Monetary Policy Committee (MPC) has voted to keep the monetary stance unchanged. More precisely, the MPC has decided to keep the collateral loan and deposit rates unchanged at 12% and 9.5%, respectively.
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Central Bank of Iceland interest rate decision and issuance of 28-day certificates of deposit
The Monetary Policy Committee (MPC) has decided to keep the collateral loan and deposit rates unchanged at 12% and 9.5% respectively, but cut the overnight lending rate from 16% to 14.5%.
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Policy rate decision and webcast
The next policy rate decision will be announced tomorrow, Thursday, at 9:00 a.m. GMT. The rationale behind the decision will be explained in a webcast at 11:00 a.m. GMT.
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Surveillance of Foreign Exchange Rules tightened
The Central Bank of Iceland has decided to reorganise and fortify the activities of the Capital Controls Surveillance Unit within the Bank. The aim of the changes is to tighten the surveillance of the capital controls currently in effect. The Capital Controls Surveillance Unit will operate hereafter as an independent unit within the Bank and will report directly to the Governor. The head of the Surveillance Unit will be attorney Ingibjörg Guðbjartsdóttir, who will be assisted by a team of at least three other staff members and will have the support of experts from other departments of the Bank.
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