Iceland resumes easing cycle on weaker growth forecasts


The monetary policy committee of the Central Bank of Iceland cut interest rates again today (February 5) as growth forecasts were revised down.

Interest rates were lowered by 25 basis points. As a result, the key interest rate now stands at 2.75%, a new record low. The overnight loan rate is now 4.5%, the seven-day collateralised loans rate is 3.5%, and the current account rate 2.5%. In 2019, the central bank cut rates by 150bp in a bid to boost economic growth

“Because inflation expectations

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:

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: