Iceland changes monetary policy framework as capital controls set to be lifted

Central Bank of Iceland

The Central Bank of Iceland (CBI) has introduced several changes to its monetary policy framework to prepare for the lifting of capital controls and unloading of assets acquired during the country's financial collapse nearly six years ago.

The changes, which were proposed by CBI governor Már Guðmundsson, were approved by the bank's monetary policy committee on Tuesday, according to a statement yesterday. It added further changes were "under analysis" and could be implemented at a later date.


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