21 September 2011

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)