01 July 2022

Minutes of the Financial Stability Committee meeting 13 – 14 June 2022

The minutes of the Financial Stability Committee meeting of 13 – 14 June 2022 have been published. The Committee discussed the current situation and outlook for financial stability and the principal risks to financial stability, such as economic developments, risks faced by financial institutions and the financial system, developments in domestic financial markets, household and corporate debt, the real estate market, and financial institutions’ capital position. The Committee also discussed the security and efficacy of financial market infrastructure and its importance for financial system stability. The Committee received information on resolution plans for the systemically important banks and on the preparation of an official financial stability policy, on which the Financial Stability Council is currently working.

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30 June 2022

Economic Indicators Published

The Central Bank of Iceland has published Economic Indicators on its website. Economic Indicators contains a quarterly summary of economic developments, a compendium of statistics, and an update on the position of the financial system. Economic Indicators is also published in Icelandic under the title Hagvísar Seðlabanka Íslands.

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22 June 2022

Statement of the Monetary Policy Committee 22 June 2022

The Monetary Policy Committee (MPC) of the Central Bank of Iceland has decided to raise the Bank’s interest rates by 1 percentage point. The Bank’s key interest rate – the rate on seven-day term deposits – will therefore be 4.75%.

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21 June 2022

Monetary Policy Committee statement and webcast today, 22 June 2022

A statement of the Central Bank Monetary Policy Committee (MPC) was published on the Bank‘s website today at 8:30 hrs. At 9:30 hrs, a webcast presentation was aired where Ásgeir Jónsson, Governor and Monetary Policy Committee chair, and Rannveig Sigurðardóttir, Deputy Governor for Monetary Policy, explained the statement and the rationale behind the Committee´s decision.

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15 June 2022

Rules on maximum LTV and DSTI ratios

Two new sets of Central Bank rules were published in the Law and Ministerial Gazette [Stjórnartíðindi] today: the Rules on Maximum Loan-to-Value Ratios for Mortgage Loans to Consumers, no. 702/2022, and the Rules on Maximum Debt Service-to-Income Ratios for Mortgage Loans to Consumers, no. 701/2022. The Rules were approved at a meeting of the Central Bank Financial Stability Committee on 14 June 2022 and take effect tomorrow, 16 June 2022. At the same time, the previous Rules on Maximum Loan-to-Value Ratios for Mortgage Loans to Consumers, no. 778/2021, and the previous Rules on Maximum Debt Service-to-Income Ratios for Mortgage Loans to Consumers, no. 1268/2021, shall cease to apply.

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07.02.2018

Webcast

04.02.2015

Webcast

05.11.2014

Webcast

11.12.2013

Webcast

23.10.2013

Statement

12.06.2013

Webcast

20.03.2013

Webcast

06.02.2013

Webcast

02.11.2011

Webcast

21.09.2011

Webcast

17.08.2011

Webcast

16.03.2011

Webcast

02.02.2011

Webcast

04.06.2009

Webcast

07.05.2009

Webcast

08.04.2009

Webcast

28.10.2008

Webcast

11.09.2008

Webcast

01.06.2007

Opening address

02.11.2004

New statistics

27.07.2004

New statistics

20.07.2004

New statistics