10 September 2024

Adjusted figures on the current account and international investment position

The current account figures published on 3 September 2024 have been corrected.

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09 September 2024

The Central Bank of Iceland launches a feasibility assessment on implementing Eurosystem’s TARGET Services for payments

The Central Bank of Iceland (CBI) has begun analysing and assessing the possibility of implementing the Eurosystem’s TARGET Services, specifically the TARGET Instant Payment Settlement (TIPS) and T2 interbank payment services. TIPS is an instant payment system, while T2 is a system for real-time gross settlement (RTGS) and central liquidity management (CLM). The Central Bank will focus first on TIPS and then follow with T2.

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04 September 2024

Minutes of the Monetary Policy Committee meeting of 19-20 August 2024

In accordance with the Monetary Policy Committee Rules of Procedure, the minutes of the Committee's most recent meeting have been published on the Bank's website. The minutes are published two weeks after the announcement of the Committee‘s decision. Accordingly, we have now published the minutes from the meeting of 19-20 August 2024, during which the Committee discussed economic and financial market developments, decisions on the application of the Bank’s monetary policy instruments, and the communication of those decisions on 21 August.

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03 September 2024

Current account deficit 30.5 b.kr. in Q2/2024 – net IIP positive by 38.9% of GDP

Iceland’s current account showed a deficit of 30.5 b.kr. in Q2/2024. This represents an improvement of 3.3 b.kr. relative to the previous quarter but a deterioration of 36.6 b.kr. relative to Q2/2023. The net international investment position was positive by 1,705 b.kr., or 38.9% of GDP, and deteriorated by 47 b.kr., or 1.1% of GDP, during the quarter.

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