In preparation for the unwinding of capital controls that have been in place since the 2008 banking collapse, Iceland’s central bank has started selling króna to secure sufficient foreign exchange as a buffer.
Tag Archive | "Sedlabanki"
Risk in removing Iceland’s capital controls
Posted on 15 May 2013.
Capital controls introduced in the wake of the 2008 financial crisis are becoming increasingly difficult remove due to the swelling amount of money held offshore, says an Insurance executive.
Posted in Finance, IcelandComments (0)
Iceland central bank: krona will never float again
Posted on 24 February 2013.
The head of Iceland’s central bank has said that floating the krona without the use of controls is never likely to happen again.
Posted in Economy, IcelandComments (2)
Iceland leaves inflation rate unchanged in January
Posted on 10 February 2013.
Iceland’s rate of annual inflation saw no change in January, Bloomberg Businessweek reported. Analysts in Reykjavik said that the news comes largely as the result of seasonal sales, which blocked the country’s recent series of price increases as the Icelandic króna continues to slide.
Posted in Economy, Finance, IcelandComments (0)
Iceland central bank chief concerned over weak krona
Posted on 20 January 2013.
The head of Iceland’s central bank has said that the country is uncomfortable with the state of its currency, as inflation continues to outpace its targeted figure.
Posted in Finance, IcelandComments (2)
Sedlabanki retains Iceland interest rate
Posted on 19 December 2012.
The central bank of Iceland has opted not to change the country’s primary interest rate. Sedlabanki officials announced that the seven-day collateralised lending rate would remain at six per cent while account rates would stay at seven per cent.
Posted in Economy, FinanceComments (0)
Iceland central bank: interest rate could still rise
Posted on 07 December 2012.
Officials from Iceland’s central bank have said that interest rates could rise further to compensate for increased wage settlements. The comments via Sedlabanki governor Mar Gudmundsson, who said that although the bank could raise rates again, they were likely to remain steady in the short term.
Posted in Economy, Finance, IcelandComments (0)
Central bank raises Iceland interest rates
Posted on 26 November 2012.
Iceland’s central bank has opted to raise the country’s primary interest rate by 0.25 percent. Officials from Sedlabanki said that the move comes amid growing optimism for 2013
Posted in Finance, General, IcelandComments (2)
