Unchanged interest rates

The Monetary Policy Committee (MPC) of the Central Bank of Iceland has decided to keep the Bank’s interest rates unchanged.  The rates will be as follows:

 Overnight lending rate  5.5%
 Seven-day collateralised lending rate  4.5%
 Maximum rate on 28-day certificates of deposit (CDs)  4.25%
 Current account  3.5%


Statement of the Monetary Policy Committee 21 September 2011:

Press release 26/2011 MPC Statement (pdf)