Iceland central bank governor discusses policy challenges

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The governor of the Central Bank of Iceland, Már Guðmundsson, delivered a speech on June 19 in which he considered the challenge of removing capital controls and designing policies to address high inflation in Iceland.

Speaking at a meeting of European Union (EU) ambassadors in Reykjavík, Guðmundsson said that the central bank had raised interest rates by 1.5% in response to high inflation due to a weakening of the Icelandic currency, the krona, but said that a negative real interest rate had

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