Central Bank to reduce one-month term deposit supply

The Central Bank has decided to reduce significantly its offerings of one-month term deposits. The next auction will be held on 1 April 2020. This decision has been made because of the radical changes that have occurred in domestic market conditions in a short period of time. It is foreseen that Treasury expenditure will increase in coming weeks and months, as will Treasury bond issuance. The Bank will continue to offer seven-day term deposits on a weekly basis. The Bank will also continue to ensure that term deposits can be used as payment system collateral.

Exchange rate

  • USD
    139.83
  • GBP
    171.50
  • EUR
    154.00

News and announcements

Economic Indicators

27. March 2020
Economic Indicators, a quarterly summary of economic developments and compendium of statistics, have been...

Governor Ásgeir Jónsson's speech at the Annual Meeting of the Bank

25. March 2020
Ásgeir Jónsson, Governor of the Central Bank of Iceland, delivered a speech at the Bank's 59th Annual Meeting...

Minutes of the MPC

25. March 2020
As is provided for in the Monetary Policy Committee Rules of Procedure, the Bank publishes the minutes of each...