Monetary Bulletin 2019/3
Monetary Bulletin 2019/3 has been published on the Central Bank's website. Monetary Bulletin is published four times a year. The August 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 28 August 2019
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 3.5%.
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Interest rate decision, webcast and Monetary Bulletin release
The Bank will publish the Monetary Policy Committee’s (MPC) interest rate decision on its website tomorrow at 08:55, followed by Monetary Bulletin at 09:00. An hour later, at 10:00, a press conference where Ásgeir Jónsson, Governor and Chair of the MPC, and Þórarinn G. Pétursson, Chief Economist and MPC member, will explain the rationale behind the Committee’s decision. The contents of the new issue of Monetary Bulletin will also be presented at that time. The press conference will be aired via webcast (available here), at 10:00.
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Working Paper no. 81: Long-term inflation expectations and inflation dynamics
The Central Bank of Iceland has published a new working paper on the interaction between inflation and long-term inflation expectations at the Central Bank’s inflation target. This paper is a revised and updated version of Working Paper No. 77 that was published in March 2018.
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Survey of market expectations
The Central Bank of Iceland conducted its survey of market agents’ expectations during the period 12-14 August 2019. A total of 28 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 24 market participants, giving a response ratio of 86%.
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