Minutes of the MPC
Here are the minutes of the Monetary Policy Committee of the Central Bank of Iceland from the meeting held on 5 and 6 November 2018. There, the Committee discussed economic and financial market developments, the interest rate decision on 7 November, and the communication of that decision.
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IMF Executive Board completes Article IV Consultation on Iceland
The Executive Board of the International Monetary Fund completed its Article IV Consultation on the status and outlook for the Icelandic economy on Friday November 9. The IMF holds similar consultations with member countries every one to two years on the basis of Article IV of the Articles of Agreement of the IMF.
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The FX Global Code
The Central Bank of Iceland has acquainted itself with the FX Global Code and the principles it lays down concerning foreign exchange transactions. It has taken steps to ensure compliance with the Code and has signed a statement of commitment to this effect. The Bank considers it important that participants in the domestic foreign exchange market adopt the Code and, to this end, has encouraged its counterparties in the market to familiarise themselves with the Code and, as applicable, take the steps necessary to comply with it.
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Monetary Bulletin 2018/4
Monetary Bulletin 2018/4 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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Statement of the Monetary Policy Committee 7 November 2018
The Monetary Policy Committee (MPC) of the Central Bank of Iceland has decided to raise 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 4.5%.
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