ESÍ sells stake in Sjóvá-Almennar tryggingar
ESÍ, the company set up to administer the assets of the Central Bank of Iceland, has completed the sale of 834,481,001 shares in the insurance company Sjóvá-Almennar tryggingar hf. The sale represents 52.4% of the company´s outstanding share capital.
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Results of foreign currency auction
On 28 June 2011, the Central Bank of Iceland offered to purchase Icelandic krónur against cash payment in foreign currency. The resulting auction, which took place at 11:00 hrs. today, is an element in the removal of restrictions on movement of capital as set forth in the Central Bank’s capital account liberalisation strategy, published on 25 March 2011.
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Governor's remarks at an international conference held in Aix-en-Provence in France
Last weekend Central Bank Governor Már Guðmundsson participated in a panel discussion at an international conference held in Aix-en-Provence, France. The panel discussion in which the Governor participated bore the title: World Finance: States must innovate, and focused on improvements to the financial market regulatory framework.
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New Working Paper on price setting among Icelandic firms
Working paper no. 54, Price setting in turbulent times: Survey evidence from Icelandic firms, by Thorvardur Tjörvi Ólafsson, Ásgerdur Pétursdóttir and Karen Á. Vignisdóttir has been published. The paper presents survey evidence on Icelandic firms’ price setting behaviour and discusses various monetary policy implications arising from the results.
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Report to Parliament on the work of the Central Bank of Iceland Monetary Policy Committee
The Act on the Central Bank of Iceland stipulates that the Bank's Monetary Policy Committee shall submit a report on its activities to Parliament twice a year. Furthermore, the Act states that the substance of the report shall be discussed at a joint meeting of the Parliamentary Economics and Tax Committee, Budget Committee, and Commerce Committee. The first Monetary Policy Committee report for 2011 has now been sent to Parliament and has been published here on the Central Bank of Iceland website.
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