Day: August 24, 2022

Society

Public Bus No Longer Stops at Esja Mountain

Access to one of the Reykjavík capital area’s most popular hiking sites by public transit – Esja mountain – has been severely limited since May 22. The bus stop at the mountain’s base has been closed to Route 57, the main route from the capital area that stopped at the site. There are no concrete […]

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Jelena Ćirić August 24, 2022

Central Bank Ásgeir Jónsson seðlabankastjóri

Economy

Key Interest Rate Raised to 5.5% in Iceland

The Central Bank of Iceland’s key interest rate will be raised by 0.75% to 5.5%, the bank’s Monetary Policy Committee announced today. The hike was expected by industry experts and continues a trend of tightening monetary policy in response to inflation and market conditions. Macroeconomic forecast improves GDP in Iceland is set to measure nearly […]

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Jelena Ćirić August 24, 2022

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Day: August 24, 2022

Public Bus No Longer Stops at Esja Mountain

Key Interest Rate Raised to 5.5% in Iceland

Evacuations in Three Additional East Fjords Towns

Motion of No Confidence Against Justice Minister Voted Down

East Iceland Residents Warned of Heavy Rain and Runoff

Small Avalanche Falls in Neskaupstaður

Record Participation in Reykjavík Open Chess Tournament

Iceland Review – Culture, Community, Nature