Nov 07 2018
MPC decision on interest rates

The Monetary Policy Committee (MPC) of the Central Bank of Iceland has decided to raise the Bank’s interest rates by 0.25 percentage points. The Bank’s key interest rate – the rate on seven-day term deposits – will therefore be 4.5%.

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Switch auction of nominal bonds RIKB 20 0205 for RIKB 19 0226

On Friday, 19 October at 11:00 am, Government Debt Management will conduct an auction of Treasury bonds. 

In this auction nominal bonds RIKB 20 0205 will be offered. The total amount of accepted bids will be announced after the auction. 

NOTE it is only possible to purchase bonds in RIKB 20 0205 with the sale of RIKB 19 0226, which matures on 26 February 2019. Government Debt Management will purchase RIKB 19 0226 at a pre-determined price – that is, at a clean price of 101.219 (106.972425 with accrued interest per 100 nominal value) – with settlement on 24 October 2018. To clarify, this price is equivalent to 4.93% yield. The value of the bond, together with accrued interest, will constitute payment for the new issued bonds.

Press release (pdf)
Auction terms (pdf)