Reports to the Government on inflation

According to the joint declaration on the inflation target by the Central Bank of Iceland and the Government of Iceland, the Central Bank must submit a report to the Government if inflation exceeds 4% or falls below 1%. These deviation limits do not entail any other formal requirement vis-à-vis the Central Bank except to oblige the Bank to submit a report explaining the reasons for the deviation from the 2½% inflation target, estimating how long the deviation will endure and, as applicable, stating whether the Bank considers it necessary to take action in response to it.

Latest

Report to the Government on inflation below the tolerance limit, 5 February 2021

Letter to the Prime Minister on the report to the Government on inflation below the tolerance limit, 5 February 2021

Older reports

Report to the Government on inflation below the tolerance limit, 9 September 2016

Letter to the Minister of Finance and Economic Affairs after it was revealed that due to errors in Statistics Iceland‘s inflation measurements, the August 2016 report to the Government on inflation below deviation limits was not necessary

Report to the Government on inflation below the tolerance limit, 29 December 2014 

Report to the Government on inflation beyond the tolerance limit, 6 January, 2014  

Report to the Government on inflation beyond the tolerance limit, 12 September, 2013 

Report to the Government on inflation beyond the tolerance limit, 30 June, 2011

Report to the Government on inflation beyond the tolerance limit, September 19, 2005

Report to the Government on inflation beyond the tolerance limit, February 18, 2005 

Report to the Government on the Inflation Target, June 20, 2001