Financial Stability report published
The Financial Stability report of the Central Bank of Iceland, first issue 2024, has been published. The Bank’s semi-annual Financial Stability report presents an overview of the position of the financial system, its strengths and potential weaknesses, and the macroeconomic and operational risks it may face.
MoreStatement of the Financial Stability Committee 13 March 2024
The Icelandic financial system is on a solid footing. The systemically important banks’ capital and liquidity are strong, and they have ready access to funding. Inflation has eased, and aggregate demand is rebalancing. Real interest rates have risen, and private sector demand for credit has subsided.
MoreStatement of the Financial Stability Committee and publication of Financial Stability
A statement of the Financial Stability Committee was published on the Central Bank of Iceland website at 8:30 hrs today. The banks Financial Stability Report was published at 8:35. At 9:30, a press conference on the statement and the contents of the Financial Stability Report was held.
MoreMinutes of the Financial Stability Committee meeting in February 2024
The minutes of the Central Bank of Iceland Financial Stability Committee’s (FSN) meeting held on 21 February 2024 have been published. At the meeting, the Committee discussed the extraordinary circumstances prevailing in the town of Grindavík, as residency in the town was prohibited due to the ongoing volcanic activity in the area.
MoreCurrent account deficit 28.6 b.kr. in Q4/2023 – net IIP positive by 37.7% of GDP
The current account deficit measured 28.6 b.kr. in Q4/2023. This represents a deterioration of 107.1 b.kr. relative to the previous quarter and of 0.3 b.kr. relative to the same quarter in 2022. The current account balance for 2023 as a whole showed a surplus of 41.4 b.kr., as compared with a deficit of 65.2 b.kr. in 2022. At the end of Q4, the net international investment position was positive by 1,614 b.kr., or 37.7% of GDP. It improved by 326 b.kr., or 7.6% of GDP, during the quarter.
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