14.11.2018

IMF Executive Board completes Article IV Consultation on Iceland

The Executive Board of the International Monetary Fund completed its Article IV Consultation on the status and outlook for the Icelandic economy on Friday November 9. The IMF holds similar consultations with member countries every one to two years on the basis of Article IV of the Articles of Agreement of the IMF.

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09.11.2018

The FX Global Code

The Central Bank of Iceland has acquainted itself with the FX Global Code and the principles it lays down concerning foreign exchange transactions. It has taken steps to ensure compliance with the Code and has signed a statement of commitment to this effect. The Bank considers it important that participants in the domestic foreign exchange market adopt the Code and, to this end, has encouraged its counterparties in the market to familiarise themselves with the Code and, as applicable, take the steps necessary to comply with it.

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07.11.2018

Monetary Bulletin 2018/4

Monetary Bulletin 2018/4 has been published on the Central Bank's website. Monetary Bulletin is published four times a year. The November issue contains updated inflation and macroeconomic forecasts and an abbreviated report on economic and monetary developments and outlook. Monetary Bulletin is also issued in Icelandic under the title Peningamál.

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07.11.2018

Statement of the Monetary Policy Committee 7 November 2018

The Monetary Policy Committee (MPC) of the Central Bank of Iceland has decided to raise the Bank’s interest rates by 0.25 percentage points. The Bank’s key interest rate – the rate on seven-day term deposits – will therefore be 4.5%.

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05.11.2018

Survey of market expectations

A recent survey suggests that market agents’ short- and long-term inflation expectations have risen since the Bank’s mid-August survey. According to the median response in this survey, participants expect inflation to measure 3.2% in Q4 and then rise to 3.6% in Q1/2019. They expect it to measure 3.8% in Q2 and Q3/2019, and 3.6% in one year’s time. Furthermore, they expect inflation to measure 3.2% in two years, and to average 3% in the next five and ten years. The survey also indicates that respondents expect the EURISK exchange rate to be 140 in one year’s time, which entails a slight weakening of the króna from its current value.

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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