Monetary Bulletin published
The Monetary Bulletin, 2022/4, has been posted on this website.
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Statement of the Monetary Policy Committee 23 November 2022
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 6%.
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Statement of the Monetary Policy Committee and publication of Monetary Bulletin - today
A statement of the Monetary Policy Committee will be published on the Central Bank of Iceland website at 08:30 hrs. today, 23 November 2022. The Bank’s Monetary Bulletin will be published at 08:35 hrs. An hour later, at 9:30 hrs., a press conference on the statement and the contents of the Monetary Bulletin will be held.
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Survey of market expectations
The Central Bank of Iceland conducted a survey of market agents’ expectations over the period from 7-9 November 2022. A total of 36 agents in the bond market, including banks, pension funds, mutual and investment funds, securities brokers, licensed asset management firms, and insurance firms were invited to participate. Responses were received from 33 market participants, giving a response ratio of 92%.
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Working Paper no. 89: Mapping educational disparities in life-cycle consumption
The Central Bank of Iceland has published a research paper that uses data taken from the tax returns of all Icelandic taxpayers in 2005-2019, a period that saw large changes in disposable income around the country’s financial crisis in 2008, to plot the life-cycle path of consumption and income for different education groups and to estimate the level of consumption smoothing.
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