Aug 30 2017
Consumer Price Index in August 2017

The Consumer Price Index (CPI) based on prices in August 2017 is 444.0 points (May 1988=100), 0.25% higher than in the previous month. The CPI less housing cost is 384.5 points, 0.18% higher than in July 2017.

Cost of international airfares decreased by 12.6% (effect on the index -0.19%). Cost of owner occupied housing (imputed rent), rose by 0.5% (0.11%).

The CPI is 1.7% higher in August 2017 than in August 2016 while the CPI less housing cost is 3.0% lower than one year ago.

The CPI compiled in the middle of August 2017, 444.0 points, is applicable for indexation purposes in October 2017. The old credit terms index for October 2017 is 8,767 points.

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Dec 08 2017
Bond News
Fitch upgrades Iceland to ‘A’; outlook stable

Fitch Ratings announced today that it had upgraded Iceland‘s long-term foreign and local-currency Issuer Default Ratings (IDRs) to ‘A’ from ‘A-’. The outlook is stable. The main rating drivers are economic stability, reduced external vulnerability and improvements in government debt ratios, supported by robust growth.


Medium-Term Debt Management Strategy 2018-2022

This strategy, which lays down objectives and criteria for Government debt management during the period 2018-2022, is presented on the basis of the fiscal plan in accordance with the Article 38 of the Act on Public Sector Finances, no. 123/2015. The strategy is to be presented annually. The Medium-Term Debt Management Strategy is presented over a horizon of five years and is based on the previous Strategy, issued in autumn 2016. The Medium-Term Debt Management Strategy 2018-2022 lays down the government’s plans for financing its activities during this period. The aim is to map out a clear debt management policy with quantitative targets.

Medium-Term Debt Management Strategy 2018-2022 (Pdf)