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.
June 4, 2009
At 11.00 GMT, the Bank will present the rationale for the decision in a webcast.
The webcast can be viewed here:
(Central Bank of Iceland press release)