Minutes of the MPC
Here are the minutes of the Monetary Policy Committee of the Central Bank of Iceland from the meeting held on 12 and 13 March 2018. There, the Committee discussed economic and financial market developments, the interest rate decision on 14 March, and the communication of that decision.
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Economic Indicators 28 March 2018
The Central Bank of Iceland’s Economic Indicators report for March 2018 has been released and can be found here on the Bank’s website. The publication contains information on developments in prices, output, external trade, the labour market, public sector finances, asset markets, and the financial market. The information is published in chart form, and underlying data can be called up in spreadsheet format.
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Governor’s statement on the special reserve requirement on capital inflows
At the press conference on 14 March where the Monetary Policy Committee‘s interest rate decision was explained, Governor Már Gudmundsson gave a statement on the special reserve requirement on capital inflows. The English translation of the statement has now been published on the website of the Central Bank of Iceland.
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Statement of the Monetary Policy Committee 14 March 2018
The Monetary Policy Committee (MPC) of the Central Bank of Iceland has decided to keep the Bank’s interest rates unchanged. The Bank’s key interest rate – the rate on seven-day term deposits – will therefore remain 4.25%. According to the national accounts published by Statistics Iceland on 9 March 2018, year-2017 GDP growth measured 3.6%, which is close to the Bank’s forecast as published in the February Monetary Bulletin.
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Interest rate decision and webcast
Tomorrow, Wednesday 14 March 2018, the Central Bank of Iceland will air a webcast where the Monetary Policy Committee‘s interest rate decision is explained. At 8:55 a.m. the Statement of the Committee will be posted on the Bank‘s website and at 10:00 a webcast will begin.
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