Exchange rates, domestic credit and macroprudential policy

A seminar about Exchange rates, domestic credit and macroprudential policy will take place at the Central Bank of Iceland on Tuesday 8 October at 15:00. Meeting room is Sölvhóll. Speaker: Thorvardur Tjorvi Olafsson, Senior Financial Sector Expert at the IMF, PhD. The presentation is based on a working paper by Dr. Olafsson, Erlend Walter Nier and Yuan Gao Rollinson which will be published by the IMF.


MPC Meeting with a Parliamentary committee

The Act on the Central Bank of Iceland stipulates that the Monetary Policy Committee (MPC) of the Central Bank of Iceland shall submit to Parliament (Althingi) a report on its activities twice a year and that the contents of the report shall be discussed in the Parliamentary committee of the Speaker’s choosing. The eighteenth meeting was held on 19 September 2019. Attending the meeting were Governor Ásgeir Jónsson, Chair of the MPC and Gylfi Zoëga, professor at the University of Iceland and MPC member.


Minutes of the MPC

Here are the minutes of the Monetary Policy Committee of the Central Bank of Iceland from the meeting held on 26 and 27 August 2019. There, the Committee discussed economic and financial market developments, the interest rate decision on 28 August, and the communication of that decision.


Current account surplus 11.1 b.kr. in Q2/2019 – net IIP positive by 628 b.kr.

The current account surplus measured 11.1 b.kr. in Q2/2019. There was a deficit on goods trade in the amount of 42.7 b.kr. and a 52.1 b.kr. surplus on services trade, There was a 8.6 b.kr. surplus on primary income and a 6.9 b.kr. deficit on secondary income (see table below). This is included in new information published on the Central Bank of Iceland website, showing the preliminary balance of payments in Q2/2019 and the external position of the economy at the end of the quarter.


Monetary Bulletin 2019/3

Monetary Bulletin 2019/3 has been published on the Central Bank's website. Monetary Bulletin is published four times a year. The August 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.