Iceland
Europe suffers worrying wave of financial chaos
According to this article published Wednesday 5 July by Bloomberg, Europe is increasingly encircled by financial woes. Emerging markets are being hit by a wave of selling, sending currencies falling and interest rates jumping.
Iceland appoints new central bank governor
Ingimundur Fririksson was appointed governor of the Central Bank of Iceland on Thursday 29 June.
Central Bank of Iceland, Financial Stability 2006
According to the Central Bank of Iceland's Financial Stability report 2006, the overall findings of the previous report are unchanged, but more challenging waters clearly lie ahead.
Comment: Emerging market jitters
Emerging markets equities, bonds and currencies have been under severe pressure over the last two weeks. The turning tide will leave a number of central banks uncomfortable, particularly as the favourable conditions of the last 2 and 3 years has actually…
Iceland considers joining euro
Iceland could seek to join the euro, according to Prime Minister Halldor Asgrimsson.
Central Bank of Iceland - Annual Report 2005
According to the Central Bank of Iceland's Annual Report 2005, the macroeconomic imbalances that emerged in the second half of 2004 were substantially amplified in 2005.
Comment: Exposed currencies cause jitters
The Central Bank of Iceland raised interest rates by 75 basis points last week. The central bank is concerned over the possibility of further declines in the Icelandic krona, which has fallen 12% against the US dollar this year.
Iceland's Oddsson waives pension rights
David Oddsson, former prime minister and new governor of the Central Bank of Iceland, has declined to take up a retirement pension for his 13 years as prime minister and one year as foreign minister.
Central Bank of Iceland appoints new chairman
The Central Bank of Iceland has appointed Davi Oddsson governor and chairman of the Board of Governors. The move followed Birgir sleifur Gunnarsson's decision to retire.
Central Bank of Iceland - Annual Report 2004
The Central Bank of Iceland has published its Annual Report for the year ended 2004. The economic recovery that began in 2003 gained momentum in 2004, according to the report.
Iceland re-appoints central bank chief
The Prime Minister of Iceland has re-appointed Eirikur Gunason as Governor of the central bank for a term of seven years which began on 1 May.
Central Bank of Iceland - Annual Report 2003
The Central Bank of Iceland has published its Annual Report for the year ended 2003. At the same time as national expenditure rebounded quite strongly from the low in 2001 and 2002, exports stagnated. Despite a strong recovery of private consumption and…
New Chief Economist appointed in Iceland
The Board of Governors of the Central Bank of Iceland has appointed Arnor Sighvatsson Chief Economist and Director of the Economics Department, effective from 23 June.
Central Bank of Iceland - Annual Report 2002
The Central Bank of Iceland has published its Annual Report for the year ended 2002. The year 2002 witnessed a sharp turnaround in the Icelandic economy, the Annual Report says. Inflation peaked in the beginning of the year, but went below the Central…
Nordic central banks conclude MoU memorandum
The Governors of the central banks of Denmark, Finland, Iceland, Norway and Sweden signed a Memorandum of Understanding (MoU) on financial crisis management at their meeting of 11 June in Iceland.
Fririksson on the current monetary situation
SPEECH - In a speech on 'Monetary policy and the current monetary situation' Ingimundur Fririksson of the Central Bank of Iceland said the central bank adopted an inflation target as the main pillar of its monetary policy, abandoning the fixed exchange…
Speech by B Gunnarsson, Bank of Iceland, 13 Sep
SPEECH - In a speech titled 'Iceland in a Global Setting' Gunnarsson said Iceland has followed the path of many countries, including the Nordic Countries, in liberalising its economy, both internally and externally. The economy has been exposed to market…
Central Bank of Iceland Governor resigns
ICELAND - Central Bank of Iceland Governor Finnur Ingolfsson has been appointed Chief Executive Officer of the insurance company VS Ltd and has resigned as Governor of the Central Bank of Iceland.
Central Bank of Iceland - Annual Report 2001
ANNUAL REPORT - The Central Bank of Iceland has published its Annual Report for the year ended 2001.
Speech by Iceland's Birgir Isleifur Gunnarsson
SPEECH - Birgir sleifur Gunnarsson, Chairman of the Board of Governors, Central Bank of Iceland, 31 October.
Speech by Birgir sleifur Gunnarsson
SPEECH - Birgir sleifur Gunnarsson, Governor and Chairman of the Board of Governors of the Central Bank of Iceland, spoke at a meeting in the Icelandic Chamber of Commerce, 29 August.
Icelandic April inflation higher than forecasts
ICELAND - Iceland's consumer price index rose 1.2 percent in Apr 2001 to stand 4.5 percent higher than a year earlier, the national statistics office Statice said on Apr 11.
Iceland considering inflation target for two years
ICELAND - Iceland adopted an inflation target on Mar 28, 2001. Mar Gudmundsson, chief economist of the central bank, said to CentralBankNet that discussions about an inflation target had been going on for two years.
Iceland floats krona, adopts 2.5% inflation target
ICELAND - On Mar 27, 2001, Iceland decided to float the krona and adopt a 2.5% inflation target. The krona has come under much pressure in recent weeks most recently on Mar 26, forcing the central bank to intervene in the markets to maintain the currency…