16.05.2017

Webcast on interest rate decision tomorrow at 10:00

Tomorrow, Wednesday 17 May 2017, at 10:00 the Central Bank of Iceland will air a webcast explaining the Monetary Policy Committee‘s interest rate decision. At 08:55, the interest rate decision will be announced on the Bank‘s website. The Monetary Bulletin will be published at 9:00.

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31.12.2016

Amendments to the Rules on Foreign Exchange, etc.

At the turn of the year, important steps will be taken towards lifting controls on households and businesses, in accordance with the third phase of the authorities’ strategy, publicised in June 2015. From then onwards, residents and non-residents will be authorised to transfer deposits and securities to and from Iceland, to trade in securities abroad, and purchase or withdraw foreign currency in cash, up to a maximum of 100 m.kr. Also taking effect at the turn of the year are new Rules on Foreign Exchange, which provide for more extensive authorisations for foreign exchange transactions and cross-border movement of capital.

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28.12.2016

Pension funds’ authorisation for foreign investment in 2017

The Central Bank of Iceland has decided to grant pension funds and other domestic custodians of third-pillar pension savings a new exemption from the Foreign Exchange Act, no. 87/1992, thereby permitting them to invest in financial instruments issued in foreign currency. The total authorisation, which amounts to 100 b.kr., remains in effect until year-end 2017. From mid-2015 through end-2016, pension funds and other domestic custodians of third-pillar pension savings have been authorised to invest abroad for a total of 95 b.kr., 85 b.kr. of it in 2016.

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28.12.2016

Minutes of the MPC

Here are the minutes of the Monetary Policy Committee of the Central Bank of Iceland from the meeting held on 13 December 2016. There, the Committee discussed economic and financial market developments, the interest rate decision on 14 December, and the communication of that decision.

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22.12.2016

Economic Indicators 22 December 2016

The Central Bank of Iceland’s Economic Indicators report for December 2016 has been released and can be found here on the Bank’s website. The publication contains information on developments in prices, output, external trade, the labour market, public sector finances, asset markets, and the financial market. The information is published in chart form, and underlying data can be called up in spreadsheet format.

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