July 2007

Monetary Bulletin

Vol. 9 no. 2 July 2007

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Contents and editorial information

Monetary policy statement by the Board of Governors

Policy rate left unchanged

Economic and monetary developments and prospects

Slow disinflation process will delay policy rate cuts

       Data for charts in EMDP

Financial markets and Central Bank measures

The króna appreciates and equity prices rise

Daníel Svavarsson and Pétur Örn Sigurdsson

Iceland's international investment position and balance on income

Monetary policy and instruments

Economic and monetary chronicle

Featured statistics

Development of household borrowing 2004-2008

Tables and charts