01 December 2023

Current account surplus 61.8 b.kr. in Q3/2023 – net IIP positive by 31.2% of GDP

The current account surplus measured 61.8 b.kr. in Q3/2023. This represents an improvement of 60.8 b.kr. relative to the previous quarter and 39.7 b.kr. relative to Q3/2022. At the end of the quarter, the net international investment position was posi-tive by 1,272 b.kr., or 31.2% of GDP. It improved by 145 b.kr., or 3.6% of GDP, during the quarter.

More
22 November 2023

Monetary Bulletin published

The Monetary Bulletin, 2023/4, has been posted on this website. Monetary Bulletin is published four times a year. In early May and early November, it contains an inflation and macroeconomic forecast, together with an in-depth analysis of economic and monetary developments and prospects. The February and August issues include updated inflation and macroeconomic forecasts and an abbreviated report on economic and monetary developments and outlook.

More
22 November 2023

Statement of the Monetary Policy Committee 22 November 2023

The Monetary Policy Committee (MPC) of the Central Bank of Iceland has decided to keep the Bank’s interest rates unchanged. The Bank’s key interest rate – the rate on seven-day term deposits – will therefore remain 9.25%. Inflation fell slightly between months and measured 7.9% in October. Underlying inflation has subsided as well. Indicators continue to suggest a slowdown in private consumption and investment.

More
21 November 2023

Statement of the Monetary Policy Committee and publication of Monetary Bulletin - today

A statement of the Monetary Policy Committee was published on the Central Bank of Iceland website at 08:30 hrs. today, 22 November 2023. The Bank’s Monetary Bulletin was published at 08:35 hrs. At 9:30 hrs., a webcast from a press conference on the statement and the contents of the Monetary Bulletin will begin. At the press conference Ásgeir Jónsson, Governor and Monetary Policy Committee chair; Rannveig Sigurðardóttir, Deputy Governor for Monetary Policy and MPC vice-chair; and Thórarinn G. Pétursson, Chief Economist of the Central Bank will introduce and discuss the statement and report.

More
15 November 2023

Survey of market expectations

The Central Bank of Iceland conducted a survey of market agents’ expectations over the period from 6-8 November. A total of 38 agents in the bond market, including banks, pension funds, mutual and investment funds, securities brokers, licensed asset management firms, and insurance firms were invited to participate. Responses were received from 30 market participants, giving a response ratio of 79%.

More
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