(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

Press release from the Central Bank of Iceland:

Már Guðmundsson took over from Svein Harald Øygard as Governor of the Central Bank today. Since 2004, Már has served as Deputy Head of the Monetary and Economic Department of the Bank for International Settlements in Basel, Switzerland. (see: news release from the BIS). Prior to that, he was employed by the Central Bank of Iceland for nearly two decades, including ten years as Chief Economist. 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.

From Sedlabanki.is (Central Bank of Iceland)

From the Central Bank of Iceland:

The Prime Minister of Iceland has requested the Central Bank to assess the advantages and disadvantages of changing the monetary policy framework that has been applied in Iceland. The Central Bank has published a preliminary summary of this work and a detailed report is planned to be published before the end of the winter of 2009-2010. Read the full story

The Monetary Policy Committee has decided to lower the Central Bank of Iceland’s policy rate by 100 basis points to 12.0 percent. Overnight lending rates will also be lowered by 100 basis points. Other Central Bank interest rates will remain unchanged. Read the full story

Over the last 12 months the cost of living in Iceland has increased by 18.1 percent, and the inflation rate excluding housing stands at 20.7 percent. Over the last three months, costs have risen by 5.5 percent, which would equate to an annual inflation rate of 24 percent. Read the full story

PRESS RELEASE FROM THE CENTRAL BANK OF ICELAND:

The Central Bank of Iceland as received questions from international investors and has prepared answers that are now available here. Here are some updates. Read the full story