New Car Sales Rise Despite High Interest Rates, Inflation
The sale of new cars rose during the month of May when compared to sales during the same month last year, RÚV reports. This increase
The sale of new cars rose during the month of May when compared to sales during the same month last year, RÚV reports. This increase
Iceland’s government ministers and top officials are set to receive a 6-6.3% raise from July 1, RÚV reports. Union leaders and opposition MPs have called
The Monetary Policy Committee of the Central Bank of Iceland raised the policy rate this morning by 1.25%. This is the thirteenth rate hike in
The price of dairy products has risen 16% over the past year, well above inflation rates. At the same time, Auðhumla, the parent company of
The Minister of Culture and Business Affairs has encouraged Icelandic petrol companies to do their part in the effort to curb inflation. The minister calls
The Agricultural Pricing Committee has decided to increase the minimum price that milk can be bought from dairy farmers, alongside the wholesale price of milk
As the payment burden of non-indexed loans continues to rise, households are increasingly moving towards indexed loans. Despite rising interest rates, the banks have not
Despite the consumer price index increasing by 0.59% month-on-month, the annual inflation rate has decreased to 9.8% (down from 10.2% in February). The Finance Minister
The Monetary Policy Committee of the Central Bank of Iceland has raised interest rates a further 1%. This is the twelfth rate hike in a
The Governor of the Central Bank has stated that a national pact may be needed in order to overcome persistent inflation, RÚV reports. Whether or
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