(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.
Tag Archive | "central bank"
Yet another interest rate cut for Iceland
Posted on 02 February 2011.
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Iceland inflation lowest in six years
Posted on 27 January 2011.
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.
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Central bank chief: Iceland standing at crossroads
Posted on 14 January 2011.
“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 [...]
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Chinese visit to Iceland brings new contracts
Posted on 09 June 2010.
The Central Bank of Iceland and the national power company have both signed important contracts with China this morning during He Guoqiang’s official visit.
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Central Bank of Iceland lowers interest rates
Posted on 05 May 2010.
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%.
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The Central Bank of Iceland and its Russian dream
Posted on 19 April 2010.
Attempts by the Central Bank of Iceland to strengthen its foreign currency reserves in the lead up to the banking crash were characterised by desperation and internal anarchy, according to a bank economist.
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Norwegian Central Bank keeps key policy rate unchanged
Posted on 31 March 2010.
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.
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Iceland to borrow foreign currency?
Posted on 29 May 2008.
The government of Iceland is currently considering enacting legislation to allow the country to borrow up to ISK 500 billion (USD 6.91 billion) in foreign currencies this year. The law is intended to secure the Icelandic krona and stabilise the Icelandic economy. Iceland’s finance minister, Arni Mathiesen told Reuters: “We are proposing this legislation because [...]
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