Tag: inflation

Economy

Central Bank Raises Interest Rate 1%, Now at 7.5%

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

Erik Pomrenke March 22, 2023

Politics

National Pact Required to Fight Ongoing Inflation

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

Ragnar Tómas March 8, 2023

Economy

Inflation Rate Now 10%, Up 1.39% From January

Inflation rates in Iceland continue to rise, with the latest figures from Statistics Iceland indicating that inflation now rests at 10%. The Consumer Price Index,

Erik Pomrenke February 27, 2023

Society

Housing Prices in the Capital Area Continue to Fall

The house price index in the capital area fell by 0.5% month-on-month in January. In the last three months, the index has decreased by 1.4%,

Ragnar Tómas February 22, 2023

Society

Banks Raise Interest on Non-Indexed Loans

All three of Iceland’s commercial banks announced that they would be raising interest rates on Friday. RÚV reports that Arion Bank, Íslandsbanki, and Landsbankinn are

Larissa Kyzer February 18, 2023

Central Bank Ásgeir Jónsson seðlabankastjóri

Politics

Central Bank Raises Key Interest Rates by 0.5%

The Monetary Policy Committee of Iceland’s Central Bank has announced that it will be raising key interest rates by 0.5%, with short-term interest rates (seven-day

Ragnar Tómas February 8, 2023

Economy

Inflation Rate Continues Climb, Now at 9.9%

The latest indicators from Statistics Iceland show a month-by-month increase in the Consumer Price Index of 0.85%. Inflation now rests at 9.9%, where it last

Erik Pomrenke January 30, 2023

Society

New Year, New Fees: Important Changes in 2023

With the new year, several new regulations, taxes, and fees are coming into effect. Here, we break down the most significant changes for the nation

Erik Pomrenke January 2, 2023

Economy

Deep North Episode 6: Indexed Mortgages

In the tug-of-war game between interest rates and inflation following the economic disruptions of COVID-19, Icelandic homeowners have been put under increasing pressure. We talk

Erik Pomrenke December 30, 2022

Economy

Cost of Dairy to Increase in New Year

According to a recent statement by the Ministry of Food, Agriculture, and Fisheries, the average cost of dairy products throughout Iceland is set to increase

Erik Pomrenke December 27, 2022

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Tag: inflation

Central Bank Raises Interest Rate 1%, Now at 7.5%

National Pact Required to Fight Ongoing Inflation

Inflation Rate Now 10%, Up 1.39% From January

Housing Prices in the Capital Area Continue to Fall

Banks Raise Interest on Non-Indexed Loans

Central Bank Raises Key Interest Rates by 0.5%

Inflation Rate Continues Climb, Now at 9.9%

New Year, New Fees: Important Changes in 2023

Deep North Episode 6: Indexed Mortgages

Cost of Dairy to Increase in New Year

Walrus Follows Man to Work in Iceland

Parents to Association of Local Authorities: “Negotiate Now”

Parliamentary Resolution on the Icelandic Language Introduced

Lone Hiker Rescued Near Þakgil, South Iceland

Milk Cartons to Be Recycled in Sweden

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