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Statement of the Financial Stability Committee and webcast - today
A statement of the Financial Stability Committee will be published on the Central Bank of Iceland website at 8:30 hrs. today, Wednesday 7 June 2023. A press conference on the statement will be held an hour later, at 9:30 hrs.

The Cost of Retail Payments
The Central Bank of Iceland has published the first issue of a new series of reports entitled The Cost of Retail Payments. The report will be issued once a year.


Results of the investigation of amendments to terms and conditions for NOVIS insurance policies
The Central Bank of Iceland opened an investigation of amendments to the terms and conditions for insurance contracts issued by NOVIS in October 2022. The aim of the investigation was to determine whether the company’s information disclosures to policyholders concerning changes made to terms and conditions in October 2021 had been in compliance with Article 9, Paragraph 1 of Act no. 100/2016; cf. then-current Rules on Sound and Proper Business Practices of Insurance Undertakings, no. 673/2017.


Current account deficit 10.1 b.kr. in Q1/2023 – net IIP positive by 26.3% of GDP
The current account deficit measured 10.1 b.kr. in Q1/2023. This represents an improvement of 12.9 b.kr. relative to the previous quarter and 21.7 b.kr. relative to Q1/2022. The net international investment position was positive by 1,022 b.kr., or 26.3% of GDP, and improved by 50 b.kr., or 1.3% of GDP, during the quarter.


Monetary Bulletin 2023/2
Monetary Bulletin 2023/2 has been published on the Central Bank's website. Monetary Bulletin is published four times a year. The May issue contains an inflation and macroeconomic forecast, together with an in-depth analysis of economic and monetary developments and prospects. Monetary Bulletin is also issued in Icelandic under the title Peningamál.
