The Central Bank of Iceland leaves its policy rate unchanged
The Board of Governors of the Central Bank of Iceland has decided to hold the Bank's policy interest rate unchanged at 18%.
The Bank's analysis of the economic situation and outlook will be published in Monetary Bulletin, which will appear on the Central Bank of Iceland website today at 11:00 a.m.
As is well known, economic policy will be determined in collaboration with the International Monetary Fund in the immediate future. It is expected that a decision will be made very soon and that an action plan will then be published. The Board of Governors of the Central Bank will give account of its monetary policy thereafter.
November 6, 2008