News

Dec 13 2017
Monetary Policy
MPC decision on interest rates

The Monetary Policy Committee (MPC) of the Central Bank of Iceland has decided to keep the Bank’s interest rates unchanged. The Bank’s key interest rate – the rate on seven-day term deposits – will therefore remain 4.25%.

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Statistics

Date Event

Month

Actual

Last

Source

12.13 Central Bank Policy Rate (7-day term deposits) DEC 4.25% 4.25% CB
12.01 New car registration (MoM) NOV 1,190 1,296 BGS
11.30 Balance of Trade(ISK) OCT -144,2B -136,2B STI
11.28 Expectations Index NOV 124.0 125.3 Capacent
11.28 CPI - (YoY) NOV 1.7% 1.9% STI
11.22 Wage Index (MoM) OCT 0.1% 0.8% STI
11.22 Wage Index (YoY) OCT 7.2% 7.4% STI
11.20 Building Cost Index (YoY) NOV 4.5% 3.8% STI
11.14 Unemployment OCT 1.9% 1.8% VMS
11.14 International Reserves of the CB OCT 679,7B 688,4B CB
11.14 Credit Card Purchases (YoY) OCT 6.3% 4.0% CB

Upcoming events

Dec
18

Building Cost Index

Dec
21

CPI announcement

Dec
22

Wage Index

Auctions

Source GDM
 
Time of close
 
Series
 
Actual
Last
auction
Target
amount
Actual
amount
 
Source
11:00 12.13.2017
RIKV 18 0615 4.20% 4.21% Open 1,910m GDM
11:00 12.08.2017
RIKB 28 1115 4.80% 4.83% Open 1,475m GDM
11:00 11.13.2017
RIKV 18 0515 4.21% 4.24% Open 2,390m GDM
11:00 11.10.2017
RIKB 28 1115 4.83% 4.93% Open 1,930m GDM
11:00 10.20.2017
RIKB 22 1026 4.85% 4.97% Open 2,470m GDM
Non-indexed Movement Price Yield
RIKV 17 1215 100.05 0.00
RIKV 18 0115 99.67 3.73
RIKV 18 0215 99.30 4.03
RIKV 18 0315 98.97 4.14
RIKV 18 0416 98.58 4.23
RIKV 18 0515 98.24 4.26
RIKB 19 0226 104.95 4.41
RIKB 20 0205 102.90 4.79
RIKB 22 1026 110.30 4.82
RIKB 25 0612 119.30 4.86
RIKB 28 1115 100.20 4.98
RIKB 31 0124 114.40 4.98
Indexed Movement Price Yield
RIKS 21 0414 105.56 2.06
HFF150224 104.74 2.25
RIKS 30 0701 115.60 1.85
HFF150434 114.60 1.97
HFF150644 123.50 1.94
Current Value 446.00
12 Months Change* 1.73%
3 Months Change* 1.81%
Last Month Change -0.16%
Daily CPI 446.00
* Annualized rates