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Iceland’s current account showed a deficit of 82.3 b.kr., or 6.8% of GDP, in Q2/2025. This represents a deterioration of 25.9 b.kr. relative to the previous quarter and 44.8 b.kr. relative to Q2/2024. The current account deficit was affected by investment related to data centre development, which caused a historically large deficit on goods trade measuring 135.2 b.kr., while services trade generated a surplus of 61.8 b.kr. The surplus on primary income was 3.9 b.kr., while the deficit on secondary income was 12.8 b.kr.
In accordance with the Monetary Policy Committee Rules of Procedure, the minutes of the Committee's most recent meeting have been published on the Bank's website. The minutes are published two weeks after the announcement of the Committee‘s decision.