Iceland
Iceland makes surprise rate hike
The Central Bank of Iceland's rate-setting board unexpectedly decided on Thursday to raise its benchmark policy rate by 45 basis points to 13.75%.
The continuing rise of the kiwi
The New Zealand dollar continues its rapid rise on perceptions that the central bank will be unable to stem a rally powered by Japanese investors looking for higher yields. The currency rose to its highest level in 22 years on 25 June.
Central Bank of Iceland clears rate confusion
The Central Bank of Iceland has issued a statement in which it "underlined" that its new representation of interest rates implies "no change in policy rates."
Dealing with globalisation - Iceland's Oddsson
Opening a conference in Iceland the governor of the central bank, David Oddsson, set out what he sees as the main challenges for small open economies with independent currencies in dealing with globalisation.
Iceland's Oddsson on the commercial banks
In the speech 'The commercial banks are more resilient' given on 25 April David Oddsson of the Central Bank of Iceland said the crucial factor behind the central bank's assessment that the financial system is now more resilient to shocks is the banks'…
Central Bank of Iceland, Financial Stability 07
The Central Bank of Iceland published its Financial Stability Report for 2007 on 25 April saying the crucial factor behind the Central Bank's assessment that the financial system is now more resilient to shocks is the banks' stronger liquidity and equity…
Central Bank of Iceland - Annual Report 2006
According to the Central Bank of Iceland's Annual Report 2006, in 2006 the Icelandic economy was characterised by imbalances on a greater scale than for many years.
Central Bank of Iceland, Monetary Bulletin 1/2007
According to the Central Bank of Iceland's Monetary Bulletin for March 2007, published Thursday 29 March, the inflation lower than forecast, but substantial imbalances cloud the long-term outlook.
Iceland's Fridriksson on monetary policy
In the speech 'Monetary policy and its implementation' given on 20 February Ingimundur Fridriksson of the Central Bank of Iceland said the central bank has already stated its view that adopting the euro would be imprudent except by joining the EU.
Iceland to strengthen foreign reserves
In recent months, the Ministry of Finance and Central Bank of Iceland have been engaged in discussions on strengthening the Central Banks foreign reserves, the central bank said Friday 3 November.
Iceland's central bank appoints Internal Auditor
Stefan Svavarsson has been appointed Internal Auditor of the Central Bank of Iceland, effective from 1 November, the central bank said on Monday 23 October.
Central Bank of Iceland introduces changes
Organisational changes went into effect at the Central Bank of Iceland on Friday 1 September, including the merger of two departments, the central bank said.
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…