Már Guðmundsson took over as Governor of the Central Bank of Iceland in August 2009 and his salary at the time was negotiated with the bank’s board of directors. It was decided he would get ISK 1.575 million (EUR 9,900) per month; but that figure has since been slashed. Read the full story

The governor of the Central Bank of Iceland says that preparations are now being made to remove the country’s capital controls, which have served to stabilise the krona currency, but are also hampering inward investment. Read the full story

The Central Bank of Iceland today decided to keep interest rates unchanged at 4.5 percent and the bank’s director said that a lot would have to change for rates to go down again. Read the full story

The Central Bank of Iceland has sent 11 cases of suspected currency exchange control breaches for investigation by the financial crimes division of the national police. Read the full story

The Central Bank of Iceland is advertising for the submittal of offers to sell Icelandic kronur for cash payment in foreign currency. Read the full story

The Monetary Policy Committee (MPC) of the Central Bank of Iceland has decided to keep the Bank’s interest rates unchanged. The deposit rate (current account rate) will remain 3.25%, the maximum bid rate for 28-day certificates of deposit (CDs) 4.0%, the seven-day collateralised lending rate 4.25%, and the overnight lending rate 5.25%. Read the full story

The Governor of the Central Bank of Iceland says that the Moody’s ratings agency has confirmed it will hold off on re-evaluating Iceland’s sovereign debt rating following Saturday’s Icesave referndum. He has also asked the other major ratings companies to hold judgement. Read the full story

(press release) The Monetary Policy Committee (MPC) of the Central Bank of Iceland has decided to lower the Bank’s interest rates by 0.25 percentage points. Read the full story

The rate of inflation in Iceland dropped by a further 0.9 percent in January according to Statistics Iceland. The 12-month rate has therefore fallen from 2.5 to 1.8 percent. Read the full story

“The crossroads we are standing at concern the fact that we now need to change stability into investment, growth and employment. Most indications are that growth began again in the last part of last year. It was, on the other hand, not particularly vigorous and investment remains at a historic low,” Central Bank of Iceland governor, Mar Gudmundsson said in a speech today in Akureyri. Read the full story