19 March 2009

Policy rate lowered

The Monetary Policy Committee has decided to lower the Central Bank of Iceland's policy rate by 100 basis points to 17.0 percent. Other interest rates of the Bank will be lowered accordingly. A webcast will begin at 11 a.m. GMT today, where the rationale behind today's decision will be presented.

No. 10/2009
March 19, 2009