Central Bank of Iceland minutes show rate-hold hesitancy

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The minutes of the Central Bank of Iceland's monetary policy committee's meeting in August, released on September 5, revealed there was a disagreement over the decision to keep the benchmark interest rate unchanged at 5.75%.

The minutes highlighted a fall in annual inflation as the main motivation behind the eventual decision. The rate measured 4.6% in July, down from 5.4% in May. This was due largely to the appreciation of the krona by more than 8% during the same period, the committee said.

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