30 June 2022

Economic Indicators Published

The Central Bank of Iceland has published Economic Indicators on its website. Economic Indicators contains a quarterly summary of economic developments, a compendium of statistics, and an update on the position of the financial system. Economic Indicators is also published in Icelandic under the title Hagvísar Seðlabanka Íslands.

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22 June 2022

Statement of the Monetary Policy Committee 22 June 2022

The Monetary Policy Committee (MPC) of the Central Bank of Iceland has decided to raise the Bank’s interest rates by 1 percentage point. The Bank’s key interest rate – the rate on seven-day term deposits – will therefore be 4.75%.

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21 June 2022

Monetary Policy Committee statement and webcast today, 22 June 2022

A statement of the Central Bank Monetary Policy Committee (MPC) was published on the Bank‘s website today at 8:30 hrs. At 9:30 hrs, a webcast presentation was aired where Ásgeir Jónsson, Governor and Monetary Policy Committee chair, and Rannveig Sigurðardóttir, Deputy Governor for Monetary Policy, explained the statement and the rationale behind the Committee´s decision.

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15 June 2022

Rules on maximum LTV and DSTI ratios

Two new sets of Central Bank rules were published in the Law and Ministerial Gazette [Stjórnartíðindi] today: the Rules on Maximum Loan-to-Value Ratios for Mortgage Loans to Consumers, no. 702/2022, and the Rules on Maximum Debt Service-to-Income Ratios for Mortgage Loans to Consumers, no. 701/2022. The Rules were approved at a meeting of the Central Bank Financial Stability Committee on 14 June 2022 and take effect tomorrow, 16 June 2022. At the same time, the previous Rules on Maximum Loan-to-Value Ratios for Mortgage Loans to Consumers, no. 778/2021, and the previous Rules on Maximum Debt Service-to-Income Ratios for Mortgage Loans to Consumers, no. 1268/2021, shall cease to apply.

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15 June 2022

Statement of the Financial Stability Committee 15 June 2022

The statement of the Financial Stability Committee from its meetings the last two days has been published.

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