The annual inflation rate hit 7.2% yesterday, a 12-year high. Analysts at Íslandsbanki bank predict that the inflation rate will peak in June at 7.7%.
The Central Bank of Iceland confirmed to Stundin that it has opened an investigation into the government’s March 22 sale of a 22.5% stake in
The Central Bank of Iceland has raised interest rates by 0.75 percentage points. The hike takes the Bank’s key interest rate to 2.75%. Decade-high inflation
A 0.25% to the Central Bank’s key interest rate has now brought it up to 1.5%. The bank’s Monetary Policy Committee (MPC) announced the decision
Those who recently signed non-indexed mortgages with variable interest rates may find themselves in a difficult position, according to the Director of the Institute of
March saw a record amount of apartment sales and a steep hike in housing prices, a new report from the Housing and Construction Authority states.
The Central Bank of Iceland’s Financial Supervisory Authority has no supervision over cryptocurrency mined in Iceland, Fréttablaðið reports. A considerable portion of the world’s supply
In its most recent quarterly report, the Financial Stability Committee of the Central Bank expects GDP to contract by 8% in 2020. The report notes
In a statement released this morning, the Monetary Policy Committee (MPC) of the Central Bank of Iceland announced that it has decided to lower the
At a meeting this morning, the Icelandic government approved an action plan intended to minimise the negative impact of COVID-19 on the Icelandic economy. Due
