
Icelandic rate setters divided on April cut
Iceland monetary-policy makers voted four to one to cut rates by 150 basis points, minutes of the April meeting revealed.
One of the five members voted for a deeper cut of at least 2%, the central bank has said.
According to the MPC minutes, the dissenter argued that a more substantial cut was needed to help ease the crippling recession which is creating a record amount of bankruptcies.
He also argued that Iceland's high interest rates - aimed at supporting the krona, which has plunged in value
More on Monetary Policy
Latest issue
Most read
- A route to economic growth – The Belt and Road Initiative 2018 survey
- ECB will ‘accelerate efforts’ to tackle staff concerns after second survey
- After the Congress – Interpreting China’s new development concept
- Asian Infrastructure Investment Bank – Raising expectations
- Do not discount central bank digital currency yet – Lagarde
Back to Top