01 June 2023

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.

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24 May 2023

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.

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24 May 2023

Statement of the Monetary Policy Committee 24 May 2023

The Monetary Policy Committee (MPC) of the Central Bank of Iceland has decided to raise the Bank’s interest rates by 1.25 percentage points. The Bank’s key interest rate – the rate on seven-day term deposits – will therefore be 8.75%.

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24 May 2023

Statement of the MPC, publication and webcast - today

A statement of the Monetary Policy Committee was published on the Central Bank of Iceland website at 08:30 hrs. today, 24 May 2023. The Bank’s Monetary Bulletin will be published at 08:35 hrs. An hour later, at 9:30 hrs., a webcast with a press conference on the statement and the contents of the Monetary Bulletin was held.

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17 May 2023

Survey of market expectations

The survey findings indicate that market agents expect inflation to average 9.4% in Q2/2023. They expect it to continue falling, to 6.3% one year from now and 4.5% after two years. This is a higher inflation rate than they indicated in the January survey. According to the median response in this survey, market agents expect the Central Bank’s key rate to rise by 1 percentage point in Q2/2023, to 8.5%.

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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