Iceland slashes on strengthening króna

central-bank-of-iceland

The Monetary Policy Committee (MPC) at the Central Bank of Iceland on Wednesday cut its benchmark deposit rate by a full percentage point to 5.5% as the króna continued to gain in foreign exchange markets.

A stronger króna and the prospect of more rapid disinflation than previously expected provided the scope for a larger interest rate reduction than expected. The króna has appreciated by more than 2.5% since the central bank's previous meeting on 23 June, and by more than 2% against the euro. On

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: