Joint statement of the Monetary Policy Committee and the Financial Stability Committee 24 June 2020
See the joint statement here:
Joint statement of the Monetary Policy Committee and the Financial Stability Committee
24 June 2020
On 25 May 2020, the Central Bank of Iceland and the Minister of Finance and Economic Affairs made an agreement under which the Bank will handle the granting of Treasury guarantees vis-à-vis credit institutions in connection with COVID-19-related support loans to business operators. Because of the uniqueness of support loans bearing a 100% Treasury guarantee and the circumstances currently prevailing due to the pandemic, the Monetary Policy Committee and the Financial Stability Committee have decided that the Central Bank will develop a special temporary collateralised lending framework for support loans, subject to the terms offered at any given time on seven-day term deposits with the Central Bank.
No. 22/2020
24 June 2020