Iceland cuts on further signs of stability

central-bank-of-iceland

The Central Bank of Iceland chopped one point off its key policy rate on Thursday and cut several other borrowing costs on signs that the stabilisation of the island's economy was continuing.

The central bank's Monetary Policy Committee cut the benchmark seven-day collateral lending rate to 10% after the króna remained "broadly stable" through the course of November. The central bank noted that it had not intervened in the foreign-exchange market since early last month. The central bank has made

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