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

PRESS RELEASE FROM THE CENTRAL BANK OF ICELAND:

The Governor of the Central Bank of Iceland has decided that Thórarinn G. Pétursson, acting Chief Economist of the Central Bank, shall take a seat on the Monetary Policy Committee. Other members include Central Read the full story

As provided for in Temporary Provision II of the Act Amending the Act on the Central Bank of Iceland, the Prime Minister today appointed Svein Harald Øygard provisionally to the position of Governor of the Central Bank and Arnór Sighvatsson provisionally as Deputy Governor. They have already commenced their duties.
Following up on the amendments to the Act on the Central Bank of Iceland passed by the Icelandic Read the full story

The government’s bill amending the Central Bank Act has been passed by the Icelandic parliament Althingi. Major changes are made to the Central Bank’s administrative structure, its Governors reduced in number and a Monetary Policy Committee established. Strict requirements concerning professional qualifications will be Read the full story

David Oddsson and Eirikur Gudnason, the governors of the Central Bank of Iceland, said a fond farewell to bank staff at a meeting earlier today, MBL reported. 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

The weekly protests at Austurvollur Square in Reykjavik are now beginning their tenth week. Yesterday’s protest rally (number nine) went ahead peacefully, without a single egg being thrown at the parliament building. Read the full story

Both the Central Bank of Iceland and the Ministry of Trade are willing to change the recently-implemented laws on currency exchange so that they will no longer hinder direct foreign investment in Icelandic companies. The rules were implemented in a new law which was endorsed by the Minister of Trade, RUV.is reports. Read the full story

The Central Bank of Iceland has published questions and answers about the recent changes in the Foreign Exchange Act of 1992 and the Bank’s new Rules on Foreign Exchange. Read the full story

PRESS RELEASE FROM THE CENTRAL BANK OF ICELAND:

The Central Bank of Iceland guidelines from early October on temporary modifications in currency outflow have been revoked. The guidelines were adopted in the wake of the failure of three commercial banks and the ensuing market disturbances. Read the full story