The second meeting of the Macroeconomic Council was held on 6 April 2017. Members of the Council are the Prime Minister, the Minister of Finance and Economic Affairs, Minister for the Environment and Natural Resources, executives from the Confederation of Icelandic Employers, Association of Local Authorities, and Central Bank of Iceland. The objective of the Macroeconomic Council is to strengthen the coordination of economic policy with decisions in the labour market. At its meetings, the Council is to discuss the economic situation and the shared context of public sector finances, monetary policy, and labour market issues in connection with key aspects of economic policy, with particular focus on areas where coordination is lacking. The Council is to meet at least twice a year and publish the minutes of its meetings on the websites of member institutions. Central Bank Governor Már Guðmundsson signed the declaration of association of the Macroeconomic Council on behalf of the Central Bank of Iceland. At the meeting, he discussed the economic outlook and main challenges facing monetary policy. Central Bank officers attending the meeting in addition to the Governor were Chief Economist Þórarinn G. Pétursson and Deputy Chief Economist Rannveig Sigurðardóttir.
News archiveWith reference to press releases issued by the Central Bank on 5 May 2017, the Bank offers to purchase offshore króna assets as these are defined in the Act on the Treatment of Króna-Denominated...More
