Minutes of the MPC
Here are the minutes of the Monetary Policy Committee of the Central Bank of Iceland from the meeting held on 8 December. There, the Committee discussed economic and financial market developments, the interest rate decision on 9 December, and the communication of that decision.
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The Central Bank's Economic Indicators for December
The Central Bank's Economic Indicators for December 2015 have been posted on this website.
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Version 3.0 of the Central Bank of Iceland’s Quarterly Macroeconomic Model (QMM)
Version 3.0 of the handbook for the Central Bank of Iceland´s Quarterly Macroeconomic Model (QMM) has now been published. The new version of the QMM includes a number of changes from the previous version: among other things, the re-estimation of economic relationships is based on Statistics Iceland‘s most recent data, and the modelling of the labour market has been revised.
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Statement of the Monetary Policy Committee 9 December 2015
The Monetary Policy Committee (MPC) of the Central Bank of Iceland has decided to keep the Bank’s interest rates unchanged. The Bank’s key interest rate – the rate on seven-day term deposits – will therefore remain 5.75%. The Committee has also decided to lower reserve requirements by 1.5 percentage points.
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The underlying external position of the economy at the end of the third quarter of 2015
The Central Bank of Iceland has published on its website the preliminary statistics for the balance of payments in the third quarter of 2015, and for the international investment position (IIP) at the end of the quarter. For further information, the Central Bank also publishes an assessment of the underlying IIP, which takes account of the effects of the winding-up of the deposit institutions in winding-up proceedings based on the position during the quarter and book value of assets according to the winding-up boards’ accounts.
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