Minutes of the MPC
Here are the minutes of the Monetary Policy Committee of the Central Bank of Iceland from the meeting held on 1 and 8 February 2016. There, the Committee discussed economic and financial market developments, the interest rate decision on 10 February, and the communication of that decision.
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The final exemption for settlement of the failed banks' estates has been granted
Today the Governor of the Central Bank and the Director of the Bank’s Capital Controls Surveillance Unit signed the final exemption from the Foreign Exchange Act, no. 87/1992, for the settlement of the estates of the failed commercial and savings banks on the basis of stability conditions.
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Market expectations survey
The Bank’s market expectations survey was carried out on 1-3 February 2016. A total of 29 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 17 market participants, giving a response ratio of 59%.
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Webcast at 10:00
An hour later, at 10:00 hrs., the Bank will air a webcast explaining the rationale for the interest rate decision and presenting the contents of Monetary Bulletin. Deputy Governor Arnór Sighvatsson and Chief Economist Þórarinn G. Pétursson, both of them members of the Monetary Policy Committee, will explain the interest rate decision and the contents of the publication.
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Monetary Bulletin 2016/1
Monetary Bulletin 2016/1 has been published on the Central Bank's website. Monetary Bulletin is published four times a year. The February issue contains updated inflation and macroeconomic forecasts and an abbreviated report on economic and monetary developments and outlook. Monetary Bulletin is also issued in Icelandic under the title Peningamál.
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