02 November 2006

The Central Bank of Iceland leaves its policy rate unchanged

The Board of Governors of the Central Bank of Iceland has decided to leave the Bank’s policy interest rate unchanged at 14%. Monetary Bulletin, which is published on the Bank’s website after 11 a.m. GMT today, includes the arguments in support of today’s decision.

Because of prevailing uncertainty and the long interval before the first issue of Monetary Bulletin in 2007 is published, the Board of Governors has decided to add an interest rate decision date this year. The next interest rate decision will be announced on December 21, 2006.

No. 39/2006
November 2, 2006