Statement of the Monetary Policy Committee

Archive of Statement of the Monetary Policy Committee published in Monetary Bulletin since 1999:

 Volume No. Publishing month

Monetary policy statement by the Board of Governors

 2021/3  85 August 2021 Statement of the Monetary Policy Committee 25 August 2021
 2021/2  84  May 2021 Statement of the Monetary Policy Committee 19 May 2021
 2021/1  83 February 2021 Statement of the Monetary Policy Committee 3 February 2021
 2020/4  82  November 2020 Statement of the Monetary Policy Committee 18 November 2020
 2020/3  81 August 2020 Statement of the Monetary Policy Committee 26 August 2020
 2020/2  80 May 2020 Statement of the Monetary Policy Committee 20 May 2020
 2020/1  79 February 2020  Statement of the Monetary Policy Committee 5 February 2020
 2019/4  78 November 2019 Statement of the Monetary Policy Committee 6 November 2019
 2019/3  77 August 2019  Statement of the Monetary Policy Committee 28 August 2019
 2019/2  76  May 2019  Statement of the Monetary Policy Committee 22 May 2019 
 2019/1  75 February 2019 Statement of the Monetary Policy Committee 6 February 2019
 2018/4  74 November 2018
Statement of the Monetary Policy Committee 7 November 2018
 2018/3  73  August 2018
Statement of the Monetary Policy Committee 29 August 2018
 2018/2  72    May 2018
Statement of the Monetary Policy Committee 16 May 2018
 2018/1  71  February 2018  Statement of the Monetary Policy Committee 7 February 2018
 2017/4  70  November 2017  Statement of the Monetary Policy Committee 15 November 2017
 2017/3
 69 August 2017
Statement of the Monetary Policy Committee 23 August 2017
 2017/2  68 May 2017 Statement of the Monetary Policy Committee 17 May 2017
 2017/1  67   February 2017 Statement of the Monetary Policy Committee 8 February 2017
 2016/4  66    November 2016 Statement of the Monetary Policy Committee 16 November 2016
 2016/3  65 August 2016  Statement of the Monetary Policy Committee 24 August 2016
 2016/2  64 May 2016 Statement of the Monetary Policy Committee 11 May 2016
 2016/1  63   February 2016 Statement of the Monetary Policy Committee 10 February 2016
 2015/4  62 November 2015 Statement of the Monetary Policy Committee 4 November 2015
 2015/3  61 August 2015 Statement of the Monetary Policy Committee 19 August 2015
 2015/2  60 May 2015 Statement of the Monetary Policy Committee 13 May 2015
 2015/1  59  February 2015 Statement of the Monetary Policy Committee 4 February 2015
 2014/4  58 November 2014  Statement of the Monetary Policy Committee 5 November 2014
 2014/3  57 August 2014 Statement of the Monetary Policy Committee 20 August 2014
 2014/2  56 May 2014 Statement of the Monetary Policy Committee 21 May 2014 
 2014/1  55 February 2014  Statement of the Monetary Policy Committee 6 February 2014 
 2013/4  54 November 2013 Statement of the Monetary Policy Committee 6 November 2013
 2013/3  53 August 2013  Statement of the Monetary Policy Committee 21 August 2013
 2013/2  52 May 2013  Statement of the Monetary Policy Committee 15 May 2013
 2013/1  51 February 2013 Statement of the Monetary Policy Committee 16 February 2013
 2012/4  50 November 2012 Statement of the Monetary Policy Committee 14 November 2012
 2012/3  49 August 2012  Statement of the Monetary Policy Committee 22 August 2012
 2012/2  48 May 2012  Statement of the Monetary Policy Committee 16 May 2012
 2012/1  47 February 2012 Statement of the Monetary Policy Committee 18 February 2012
 2011/4  46 November 2011  Statement of the Monetary Policy Committee 2 November 2011
 2011/3  45 August 2011  Statement of the Monetary Policy Committee 17 August 2011
 2011/2  44 April 2011  Statement of the Monetary Policy Committee 20 April 2011 
 2010/4  42 November 2010  Central Bank interest rates lowered 
 2010/2  40  May 2010  Central Bank rates lowered 
 2009/4  38 November 2009  Interest rate corridor aligned to the effective monetary policy stance
 2009/3  37 August 2009  Further monetary easing requires a stronger króna
 2009/2  36 May 2009  Monetary easing continues
 2009/1  35 January 2009  Policy rate remains unchanged
 2008/3  34 November 2008 Of vital importance to stabilise the foreign exchange market and strengthen the króna
 2008/2  33 July 2008 Policy rate remain unchanged
 2008/1  32 April 2008  Central Bank of Iceland raises the policy rate
 2007/3  31 November 2007 Tighter monetary policy needed
 2007/2  30 July 2007 Policy rate left unchanged
 2007/1  29 March 2007 Policy rate left unchanged
       Introduction
 2006/3  28 November 2006 Improved inflation outlook but a tight stance is still needed
 2006/2
 27 July 2006 Worse inflation outlook calls for a significantly tighter stance
 2006/1  26 March 2006 The policy interest rate needs to rise by more than previously expected
 2005/4  25 December 2005 Results of tighter policy stance begin to appear, which must be followed through
 2005/3  24 September 2005 Tight monetary policy will be maintained for longer than was expected
 2005/2  23 June 2005 To be successful, monetary policy must be forward-looking
 2005/1  22 March 2005 Stability cannot be ensured without a struggle
 2004/4  21 December 2004 The monetary stance needs to be tightened
 2004/3  20 September 2004

The economic outlook demands a tighter monetary stance - The financial system is fairly resilient in the face of macroeconomic imbalances

 2004/2  19 June 2004 Inflation outlook has worsened and the Central Bank raises its policy interest rate 
 2004/1  18 March 2004 Outlook for interest rates broadly unchanged since November
 2003/4  17 November 2003 Interest rate rises on the horizon
 2003/3  16 August 2003 Monetary policy reflects economic recovery and low inflation, but also some uncertainty
 2003/2  15 May 2003 Interest rates unchanged for the time being
 2003/1  14 February 2003 Conditions still in place for easing the monetary stance
 2002/4  13 November 2002 Conditions for further reductions in Central Bank rates
 2002/3  12 August 2002 Better macroeconomic balance and decreasing inflation create conditions for a further easing of the monetary stance
 2002/2  11 May 2002 Inflation outlook and contraction create scope for cutting interest rates
 2002/1  10 February 2002 Interest rates unchanged for the time being
 2001/4  9 November 2001

 

Increased likelihood of the Bank's inflation target being attained in 2003 - Interest rates cut
 2001/3  8 August 2001 Reducing inflation is the main objective of monetary policy
 2001/2  7 May 2001 Poorer inflation outlook and depreciation of the króna
 impede further easing of the monetary stance 
 2001/1  6 February 2001 The Central Bank will keep the króna within the target bands
 2000/4  5 November 2000 Rise in interest rates aims at lower inflation
 2000/3  4 August 2000 Monetary policy aims at reducing inflation
 2000/2  3 May 2000 Inflation may slow but the current account deficit is a long-term threat to stability
 2000/1  2 February 2000 Tight monetary policy and financial stability
 1999/1   1 November 1999 Overheating calls for restrictive economic policies