Central Bank of Iceland economic forecasts

Forward-looking monetary policy is the foundation for the Bank’s achievement of its objective of price stability. In order for monetary policy to be forward-looking, the Bank must assess the short- and long-term economic outlook and the key uncertainties that could affect its forecasts. The Central Bank’s macroeconomic and inflation forecasts are prepared four times a year over a horizon of three years and are published in its Monetary Bulletin. The forecasts are based on an in-depth analysis of economic developments and prospects at the time they are prepared.


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  • Inflation forecast

  • Macroeconomic forecast

  • Quarterly macroeconomic model (QMM)