20 May 2020

May Monetary Bulletin has been published

May Monetary Bulletin has been published on the Central Bank's website. Monetary Bulletin is published four times a year. The May issue contains updated inflation and macroeconomic forecasts and an abbreviated report on economic and monetary developments and outlook. Monetary Bulletin is also issued in Icelandic under the title Peningamál.

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20 May 2020

Statement of the Monetary Policy Committee 20 May 2020

The Monetary Policy Committee (MPC) of the Central Bank of Iceland has decided to lower the Bank’s interest rates by 0.75 percentage points. The Bank’s key interest rate – the rate on seven-day term deposits – will therefore be 1%. The Committee has also decided to stop offering 30-day term deposits. This entails that the Bank’s key rate will be more effective and the Bank’s policy rate signal clearer. Other things being equal, this measure should increase liquidity in circulation and further strengthen monetary policy transmission.

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20 May 2020

Webcast from a press conference 20 May 2020

Ásgeir Jónsson, Governor and Chair of the MPC, Rannveig Sigurdardottir, Deputy Governor, and Thórarinn G. Pétursson, Chief Economist, explained the rationale behind the Committee’s decision. The contents of the new issue of Monetary Bulletin was also presented.

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19 May 2020

Interest rate decision, webcast and Monetary Bulletin release

The Bank will publish the Monetary Policy Committee’s (MPC) interest rate decision on its website tomorrow at 08:55, followed by Monetary Bulletin at 09:00 hrs. Beginning an hour later, at 10:00 hrs., will be a press conference where Ásgeir Jónsson, Governor and Chair of the MPC, Rannveig Sigurdardóttir, Deputy Governor for Monetary Policy, and Thórarinn G. Pétursson, Chief Economist of the Bank, will explain the rationale behind the Committee’s decision. The contents of the new issue of Monetary Bulletin will also be presented at that time.

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13 May 2020

Survey of market expectations

The Central Bank of Iceland conducted a survey of market agents’ expectations over the period from 4 through 6 May. A total of 28 agents in the bond market, including banks, pension funds, mutual and investment funds, securities brokers, and licensed asset management firms were invited to participate. Responses were received from 27 market participants, giving a response ratio of 96%.

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