Minutes of the MPC
Here are the minutes of the Monetary Policy Committee of the Central Bank of Iceland from the meeting held on 2 and 3 November. There, the Committee discussed economic and financial market developments, the interest rate decision on 4 November, and the communication of that decision.
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New working paper on the effects of policy rates on the exchange rate when there are capital controls
Working paper no. 70, „Do Interest Rates Affect the Exchange Rate under Capital Controls? An event study of Iceland’s experience with capital controls“, by Ágúst Arnórsson and Gylfi Zoëga.
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English translation of the Central Bank‘s assessment of preliminary composition proposals
The English translation of the Central Bank‘s assessment of the preliminary composition proposals of the estates of failed financial institutions has been published. The introduction to the report had previously been published on the Bank’s website.
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Market expectations survey
The Bank’s market expectations survey was carried out on 29 October – 2 November. A total of 29 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 13 market participants, giving a response ratio of 45%.
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Monetary Bulletin 2015/4
The November issue of Monetary Bulletin has been published on the Central Bank of Iceland website. Monetary Bulletin, which is issued quarterly, contains the Bank’s analysis of the economic and monetary outlook. The bulletin contains an inflation and macroeconomic forecast, together with an in-depth analysis of economic and monetary developments and prospects. The analysis and forecast published in Monetary Bulletin plays an important role in monetary policy formation in Iceland. It is also published in Icelandic under the title Peningamál.
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