The Central Bank of Iceland yesterday lowered its interest rate to its lowest level in six years. The one percent drop to seven percent was bigger than any in recent months. Read the full story

The Monetary Policy Committee (MPC) has voted to lower Central Bank interest rates by 0.5 percentage points. Read the full story

The Monetary Policy Committee (MPC) has voted to lower Central Bank interest rates by 0.5 percentage points. The deposit rate (current account rate) will be 7.0%, and the maximum bid rate for 28-day certificates of deposit (CDs) will be 8.25%. The seven-day collateral lending rate will be 8.5% and the overnight lending rate 10.0%. Read the full story

The Norwegian Central Bank announced last week that it would not be making any changes to the key policy rate. The Executive Board agreed to maintain the 1.75 percent level that was approved at a previous meeting in December last year. Read the full story

Central Bank of Iceland press release: The Monetary Policy Committee (MPC) has voted to lower Central Bank interest rates by 0.5 percentage points. Read the full story

The state-owned Swedish mortgage lender SBAB has advised that home owners will suffer reduced spending power under sharp autumn interest rate increases predicted to be made by Riksbank. Read the full story

The Monetary Policy Committee (MPC) has voted to lower Central Bank interest rates by 0.5 percentage points. The deposit rate (current account rate) will be lowered to 8%. The maximum bid rate for 28-day certificates of deposit (CDs) will be 9.25%. The seven-day collateral lending rate will be 9.5% and the overnight lending rate 11%. (Central Bank press release)

The Monetary Policy Committee (MPC) has voted to lower the deposit rate (current account rate) by 0.5 percentage points to 9%. The maximum volume at weekly auctions of 28-day certificates of deposit (CDs) will be increased from 25 b.kr. to 30 b.kr., with a minimum bid rate of 9.5% and a maximum of 10.25%. This implies a 0.25 percentage point increase in the maximum interest rate. The seven-day collateral lending rate will be lowered from 12% to 11% and the overnight lending rate from 14.5% to 13%.

(Press release)

Credit and debit card use in Iceland has reduced considerably so far this year. Household credit card turnover rates dropped about 13.8 percent from January to May this year, whilst the debit card turnover dropped nearly 0.3 percent around the same time. The total turnover on domestic credit and debit card use between January and May fell about 7.5 percent. Read the full story

The Monetary Policy Committee of the Central Bank of Iceland has decided to hold the policy interest rate unchanged at 12.0 percent. Interest rates on current accounts are unchanged at 9.5 percent. Other Central Bank interest rates are also unchanged. Read the full story