Feb 27 2018
Consumer Price Index in February 2018

The Consumer Price Index (CPI) based on prices in February 2018 is 449.5 points (May 1988=100), 0.60% higher than in the previous month. The CPI less housing cost is 386.7 points, 0.60% higher than in January 2018.

Winter sales have partly come to a close causing an increase in prices of clothing and footwear by 4.9% (effect on the index 0.16). Cost of owner occupied housing (imputed rent) rose by 0.7% (0.15%).

The CPI is 2.3% higher in February 2018 than in February 2017 while the CPI less housing cost is 0.9% lower than one year ago.

The CPI compiled in the middle of February 2018, 449.5 points, is applicable for indexation purposes in April 2018. The old credit terms index for April 2018 is 8,875 points.

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Mar 14 2019
Primary Dealers
Signing of Agreements with Primary Dealers

Today the Government Debt Management on behalf of the Treasury and primary dealers signed agreements regarding Issuance and Market Making in Treasury securities. The objective of the agreements is to maintain the Treasury’s access to financing and to enhance price formation in the secondary market for Treasury securities.

As of 1 April 2019, four financial institutions have been appointed as “primary dealers in Treasury securities”. They are: Arion Banki hf., Islandsbanki hf., Kvika banki hf. and Landsbankinn hf.

Press release (pdf)
Sample of Agreement (pdf)

Results of additional issuance of indexed Treasury bonds RIKS 26 0216

As stated in paragraph 5 of Terms of Invitation to Tender for Treasury bonds, the Government Debt Management offered the equivalent of 10% of the nominal value sold in the auction 21 February, at the price of accepted bids. This time Primary Dealers did not exercise their right to purchase in RIKS 26 0216. Total outstanding nominal value of RIKS 26 0216 is now 14,462,700,000 kr. Settlement date is 26 February 2019.