17. September 02008

Press Conference September 11, 2008: Monetary policy statement by the Board of Governors of the Central Bank of Iceland and translation of the main questions and answers

The statement by the Board of Governors from September 11, 2008 begins as follows: The Board of Governors of the Central Bank of Iceland has decided to leave the Bank's policy interest rate unchanged at 15.5%. Economic indicators are divergent at present. Inflation rose sharply in the wake of the depreciation of the króna during the first months of the year; however, it remains likely that inflation is near its peak and will unwind quickly over the coming year.

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