02 November 2011

Interest rates raised

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

 Overnight lending rate  5.75%
 Seven-day collateralised lending rate  4.75%
 Maximum rate on 28-day certificates of deposit (CDs)  4.5%
 Current account  3.75%


Statement of the Monetary Policy Committee 2 November 2011:

Press release 27/2011 MPC Statement (pdf)