Speech by Davíd Oddsson, Chairman of the Board of Governors
Speech by Davíd Oddsson, Chairman of the Board of Governors of the Central Bank of Iceland at a breakfast meeting of the Icelandic Chamber of Commerce, 18, November 2008
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Press Conference October 28, 2008: Central Bank of Iceland raises the policy rate
On October 28, 2008, the Governors of the Central Bank of Iceland held a Press Conference where the Board of Governors presented rationale behind the interest rate decision that day. Following is the statement by the Board of Governors and an abbreviated translation of the main questions and answers from the Press Conference.
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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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Press Conference July 3, 2008: Monetary policy statement by the Board of Governors of the Central Bank of Iceland: Policy rate remains unchanged
The Board of Governors of the Central Bank of Iceland has decided to hold the Bank's policy interest rate unchanged at 15.5%. Inflation rose sharply in the wake of the depreciation of the króna during the first months of the year and is now higher than the Bank forecast in April. According to the forecast published in this Monetary Bulletin, inflation will remain high into next year but decline rapidly thereafter. Lowering the policy rate later than was assumed in the last forecast will bring inflation to target at the time specified in April.
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Board of Governors' Press Conference Thursday May 22, 2008 - The Bank's assessment and an abbreviated translation of the main questions and answers
The Board of Governors' held a press conference on the rationale behind its interest rate decision of May 22, 2008. The following is an abbreviated translation of the main questions and answers.
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