Current account surplus 13.1 b.kr. in Q3/2021 – net IIP positive by 41.1% of GDP
The current account surplus measured 13.1 b.kr. in Q3/2021. This represents an improvement of 50 b.kr. relative to the previous quarter and 12.5 b.kr. relative to Q3/2020. The net international investment position was positive by 1,294 b.kr., or 41.1% of GDP, and improved by 175 b.kr., or 5.6% of GDP, during the quarter. Foreign assets totalled 4,964 b.kr. at the end of the quarter, while foreign liabilities totalled 3,670 b.kr.
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Minutes of the Financial Stability Committee meeting of 5 November 2021
The minutes of the 5 November 2021 meeting held by the Central Bank Financial Stability Committee have been published on the Bank’s website. At the meeting, the Committee discussed matters relating to powers of resolution. The Committee also discussed rules capping the debt service-to-income ratio on consumer mortgages.
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Governor speaks at the Iceland Chamber of Commerce
On 18 November 2021 Governor Ásgeir Jónsson delivered a presentation on monetary policy challenges at a meeting of the Iceland Chamber of Commerce.
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Statement of the Monetary Policy Committee 17 November 2021
The Monetary Policy Committee (MPC) of the Central Bank of Iceland has decided to raise the Bank’s interest rates by 0.5 percentage points. The Bank’s key interest rate – the rate on seven-day term deposits – will therefore be 2%.
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November Monetary Bulletin published
The November issue of Monetary Bulletin has been published on the Central Bank of Iceland website. The report, which is issued quarterly, contains the Bank’s analysis of the economic and monetary outlook.
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