15 January 2021

Foreign exchange market, exchange rate developments, and international reserves 2020

The króna depreciated by 10.4% in 2020, and turnover in the interbank foreign currency market increased by 124% year-on-year. The domestic foreign currency market was strongly affected by the COVID-19 pandemic, and the Central Bank conducted large-scale trades in the market to mitigate volatility and improve price formation.

14 January 2021

Monetary Policy Committee report to Parliament

The Central Bank Monetary Policy Committee’s (MPC) report to Parliament (Alþingi) on the Committee’s work in H2/2020 has been posted on the Bank’s website. The report is supplemented by a wide range of supporting material, including separate reports by external committee members.

13 January 2021

Statement of the Financial Supervision Committee 13 January 2021

The Financial Supervision Committee has amended the guidelines on financial institutions’ and insurance companies’ dividend payments and purchases of their own shares through 30 September 2021, in view of the impact of the COVID-19 pandemic. The Committee’s statement highlights the points that it recommends as guiding principles in such transactions.