Announcement concerning Central Bank purchases of Treasury bonds
At the beginning of May 2020, the Central Bank of Iceland began buying Treasury bonds in the secondary market, in accordance with the 23 March 2020 statement by the Monetary Policy Committee. According to that decision, the total amount purchased may range up to 150 b.kr. The Bank will announce the maximum bond purchase amount for each quarter in advance. For Q4/2020, the Bank’s total purchases may range up to 20 b.kr. market value. The Bank may buy bonds in all nominal benchmark series denominated in Icelandic krónur.
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Central Bank to continue programme of regular foreign currency sales
From Thursday 1 October through the end of the month, the Central Bank of Iceland will sell 3 million euros per day to market makers in the interbank market for foreign exchange, for a total of 66 million euros during the month. The transactions will take place soon after the market opens in the morning, and no later than 10:00 hrs. They will be conducted in accordance with Press Release no. 30/2020, issued on 9 September 2020.
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Economic Indicators published
The Central Bank of Iceland has published Economic Indicators on its website. Economic Indicators contains a quarterly summary of economic developments, a compendium of statistics, and an update on the position of the financial system. Economic Indicators is also published in Icelandic under the title Hagvísar Seðlabanka Íslands.
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Further information on the interim measure on distribution of NOVIS products
The Financial Supervisory Authority of the Central Bank of Iceland (FSA Iceland) makes reference to the 18 September 2020 press release on the interim measure announced by Národná banka Slovenska (National Bank of Slovakia, NBS) on products from NOVIS Insurance Company, NOVIS Versicherungsgesellschaft, NOVIS Compagnia di Assicurazioni, and NOVIS Poisťovňa a.s. (referred to collectively as NOVIS) prohibiting conclusion of new unit-linked insurance contracts until specified conditions have been fulfilled.
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Webcast with a press conference on the statement and the contents of the Financial Stability report
A webcast with a press conference on the statement and the contents of the Financial Stability report
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