Latest news

Results of foreign currency auction
On 28 June 2011, the Central Bank of Iceland offered to purchase Icelandic krónur against cash payment in foreign currency. The resulting auction, which took place at 11:00 hrs. today, is an element in the removal of restrictions on movement of capital as set forth in the Central Bank’s capital account liberalisation strategy, published on 25 March 2011. ... More

Governor's remarks at an international conference held in Aix-en-Provence in France
Last weekend Central Bank Governor Már Guđmundsson participated in a panel discussion at an international conference held in Aix-en-Provence, France. The panel discussion in which the Governor participated bore the title, “World Finance: States must innovate”, and focused on improvements to the financial market regulatory framework. ... More

New Working Paper on price setting among Icelandic firms
Working paper no. 54, “Price setting in turbulent times: Survey evidence from Icelandic firms”, by Thorvardur Tjörvi Ólafsson, Asgerdur Pétursdóttir and Karen Á. Vignisdóttir has been published. The paper presents survey evidence on Icelandic firms’ price setting behaviour and discusses various monetary policy implications arising from the results. ... More

Previous news

Report to Parliament on the work of the Central Bank of Iceland Monetary Policy Committee - 8.7.2011
Central Bank of Iceland report to the Government on inflation in excess of tolerance limits and covering letter to the Minister of Economic Affairs - 8.7.2011
Central Bank of Iceland offers to purchase Icelandic krónur - 6.7.2011
The Central Bank's Economic Indicators for June published - 30.6.2011
The minutes of the MPC from the interest rate decision of 15 June 2011 - 29.6.2011
Results of foreign currency auction - 28.6.2011
The Central Bank of Iceland's Quarterly Macroeconomic Model (QMM) has been updated - 23.6.2011
Central Bank of Iceland offers to purchase euros - 16.6.2011
Statement of the Monetary Policy Committee 15 June 2011 - 15.6.2011
Interest rate decision and webcast - 14.6.2011
more news...
InflationMore »

Consumer prices, 12-month changes. Last value: 4.2%
Inflation target 2.5%

CBI's interest ratesMore »
CBI's interest rates
Overnight 5.25%
Loans against collateral 4.25%
Current account 3.25%
Exchange rateMore »
Currency 15.7.2011 Ch. *
USD 117.34 0.24%
GBP 189.08 0.21%
DKK 22.28 0.12%
EUR 166.13 0.11%
* Changes from last entry
Exch. Rate IndicesMore »
Exchange Rate Indices 7/15/2011 Ch. *
Narrow trade index** 222.35 0.12%
* Changes from last entry
** The index has been recalculated so that, on January 2, 2009, it was assigned a value equivalent to that of the now-discontinued Exchange Rate Index.
Other interest ratesMore »
Penalty rates from 1.7.2011 11.25%
O/N 3.500% 3.750%
S/W 3.650% 3.900%
1 M 3.750% 4.250%
3 M 3.750% 4.000%
1 Y 3.500% 3.750%

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