Monetary Bulletin published
The Monetary Bulletin, 2022/3, has been posted on this website.
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Statement of the Monetary Policy Committee 24 August 2022
The Monetary Policy Committee (MPC) of the Central Bank of Iceland has decided to raise the Bank’s interest rates by 0.75 percentage points. The Bank’s key interest rate – the rate on seven-day term deposits – will therefore be 5.5%.
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Statement of the Monetary Policy Committee and publication of Monetary Bulletin - today
A statement of the Monetary Policy Committee was published on the Central Bank of Iceland website at 08:30 hrs. today, 24 August 2022. The Bank’s Monetary Bulletin was published at 08:35 hrs. At 9:30 hrs., a press conference on the statement and the contents of the Monetary Bulletin will be held. At the press conference Ásgeir Jónsson, Governor and Monetary Policy Committee chair; Rannveig Sigurðardóttir, Deputy Governor for Monetary Policy and MPC vice-chair; and Thórarinn G. Pétursson, Chief Economist of the Central Bank will introduce and discuss the statement and report.
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Survey of market expectations
The Central Bank of Iceland conducted a survey of market agents’ expectations over the period from 8-10 August 2022. A total of 31 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 77%.
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