Central Bank of Iceland minutes hint at future tightening

central-bank-of-iceland

The Central Bank of Iceland may shift towards a tougher monetary stance despite members of its monetary policy committee electing to keep the benchmark interest rate at 5.75% by a vote of three to two, minutes from the committee's October meeting indicate.

Two committee members voted to raise the rate by 25 basis points on account of high inflation, despite a recent decline in the annual rate to 4.3%. These members argued the weaker króna – which had depreciated by 6% the month previously –

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

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 individual account here: