The Central Bank's Economic Indicators for February
The Central Bank's Economic Indicators for February 2013 have been posted on this website.
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Sigríður Benediktsdóttir appointed to Danish Systemic Risk Council
Sigríður Benediktsdóttir, Director of the Central Bank of Iceland Financial Stability Department, has been appointed to Denmark’s newly established Systemic Risk Council.
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Working Paper on the long-term relationship between capital investment and unemployment
Central Bank of Iceland has published Working Paper nr. 61, “Capital Investment and Equilibrium Unemployment”, by Jósef Sigurdsson.
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The minutes of the MPC
Here are the minutes of the Monetary Policy Committee of the Central Bank of Iceland from the meeting held on 5 February, where the Committee discussed economic and financial market developments, the interest rate decision on 6 February, and the communication of that decision.
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Central Bank conducts foreign exchange transaction
The Central Bank of Iceland has concluded forward foreign exchange transaction in order to reduce foreign exchange imbalances in the banking system and ease pressure on the króna in coming months. According to the contract concluded, the Central Bank will deliver euros against payment in krónur in the amount of 6 b.kr. over the next few months. The foreign exchange reserves will be reduced by this amount over the coming months. On the other hand, this will reduce accumulation of foreign currency by institutions and market participants.
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