Peningamál (Monetary Bulletin) published
The Central Bank of Iceland has published the latest quarterly Peningamál (Monetary Bulletin) on this website.
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The Central Bank of Iceland raises its policy interest rate
The Board of Governors of the Central Bank of Iceland has decided to raise the Bank’s policy interest rate by 0.75 percentage points to 10.25% as of October 4.
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Report to the Government on inflation beyond the tolerance limit
The declaration by the Government of Iceland and Central Bank on March 27, 2001 stipulates that if inflation moves by more than 1½% beyond the inflation target, which is currently 2½%, the Bank is obliged to submit a report to the Government explaining the reasons for the deviation, how the Bank intends to react and how long it will take to reach the inflation target again in the Bank’s assessment.
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Foreign currency purchases to meet repayment of Treasury debt
In light of the improved liquidity position of the Treasury, the Minister of Finance has decided to retire more of the government’s foreign debt than had previously been planned.
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Mr. Davíð Oddsson appointed Governor and Chairman of the Board of Governors
Following the announcement of Mr. Birgir Ísleifur Gunnarsson’s retirement as Chairman of the Board of Governors of the Central Bank of Iceland, the Prime Minister of Iceland has appointed Mr. Davíð Oddsson Governor and Chairman of the Board of Governors
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