Minutes of the MPC
Here are the minutes of the Monetary Policy Committee of the Central Bank of Iceland from the meeting held on 2 and 3 October 2017. There, the Committee discussed economic and financial market developments, the interest rate decision on 4 October, and the communication of that decision.
More
.png?proc=Frettasafn)
Financial Stability 2017/2
The Bank’s semi-annual Financial Stability report presents an overview of the position of the financial system, its strengths and potential weaknesses, and the macroeconomic and operational risks it may face. Financial Stability is also published in Icelandic under the title Fjármálastöðugleiki
More
Material from an international conference held in Reykjavík on 14-15 September
A conference titled The uncertain future of global economic integration was held in Harpa Concert Hall and Conference Center, Reykjavik, Iceland on 14-15 September 2017. The conference was jointly organised by the Reinventing Bretton Woods Committee and the Central Bank of Iceland. The conference programme and presentations have been published on the Central Bank of Iceland's website.
More
Meeting of the Financial Stability Council
The third meeting of the Financial Stability Council was held on Monday 9 October 2017. On the agenda were potential risks in the financial system and the macroeconomic outlook. The Council decided to recommend that the Financial Supervisory Authority keep the countercyclical capital buffer on domestic exposures unchanged at 1.25%. The financial cycle has continued to rise at a pace broadly similar to that projected at the Financial Stability Council's last meeting. The Financial Stability Council can therefore be expected to recommend that the build-up of the countercyclical capital buffer continue in the coming term, in line with the financial cycle.
More
Statement of the Monetary Policy Committee 4 October 2017
The Monetary Policy Committee (MPC) of the Central Bank of Iceland has decided to lower the Bank’s interest rates by 0.25 percentage points. The Bank’s key interest rate – the rate on seven-day term deposits – will therefore be 4.25%. The outlook is for GDP growth to be weaker this year than in 2016, in part because growth in tourism has eased. The rate of GDP growth will nevertheless be robust. There are signs that demand pressures in the economy have begun to subside.
More