Minutes of the MPC
Here are the minutes of the Monetary Policy Committee of the Central Bank of Iceland from the meeting held on 14 and 15 November 2016. There, the Committee discussed economic and financial market developments, the interest rate decision on 16 November, and the communication of that decision.
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Expiry of agreement on insurance contracts providing for saving abroad
Act no. 105/2016 Amending the Foreign Exchange Act, no. 87/1992 (capital account liberalisation), which entered into force on 21 October 2016, eased restrictions on individuals’ investment abroad, among other provisions. Individuals are now permitted to exercise their investment authorisations by entering into agreements with foreign insurance companies concerning payment of premiums for the accumulation of third-pillar pension savings, supplemental insurance protection, and regular periodic savings.
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Market expectations survey
The Bank’s market expectations survey was carried out on 31 October-2 November. 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 19 market participants, giving a response ratio of 66%.
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Webcast starts at 10:00
A webcast starts at 10.00 where today's interest rate decision will be explained by Már Gudmundsson, Governor of the Central Bank of Iceland, and Thorarinn G. Pétursson, Chief Economist of the Central Bank.
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Monetary Bulletin 2016/4
Monetary Bulletin 2016/4 has been published on the Central Bank's website. Monetary Bulletin is published four times a year. The November 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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