The Central Bank of Iceland has signed an agreement with the ECB for Iceland to join the Eurosystem’s TARGET Instant Payment Settlement system (TIPS). This will allow payments in Icelandic krónur to be settled instantly, in central bank money, as of ...
Deputy Governor for Monetary Policy, Thórarinn G. Pétursson, delivered a presentation at The Reykjavik Economic Conference held at Harpa, organized by the Central Bank of Iceland in collaboration with The Center for International Macroeconomics at No...
The Act on the Central Bank of Iceland states that decisions on the application of the Bank’s monetary policy instruments shall be taken by the Monetary Policy Committee (MPC). It also states that the minutes of MPC meetings shall be made public and ...