29 January 2010

The Central Bank's Economic Indicators published

The Central Bank's Economic Indicators for January 2010 have been posted on this website.

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27 January 2010

Speech by Governor Gudmundsson: The financial crisis in Iceland and the fault lines in cross-border banking

Mr. Mar Gudmundsson, Governor of the Central Bank of Iceland, gave a speech about the financial crisis in Iceland and the fault lines in cross-border banking at the recent FIBE conference in Bergen, Norway. In his speech, Mr. Gudmundsson concentrated primarily on the rise and fall of three cross-border banks that operated on the basis of EU legislation.

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27 January 2010

Statement of the Central Bank of Iceland Monetary Policy Committee: Central Bank rates lowered

The Monetary Policy Committee (MPC) has voted to lower Central Bank interest rates by 0.5 percentage points. The deposit rate (current account rate) will be lowered to 8%. The maximum bid rate for 28-day certificates of deposit (CDs) will be 9.25%. The seven-day collateral lending rate will be 9.5% and the overnight lending rate 11%.

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27 January 2010

Monetary Bulletin 2010/1 has been published on the Central Bank's website

Monetary Bulletin 2010/1 has been published on the Central Bank's website

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27 January 2010

MPC decision on interest rates

The Monetary Policy Committee (MPC) has voted to lower Central Bank interest rates by 0.5 percentage points. The deposit rate (current account rate) will be lowered to 8%.

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