Wednesday, May 15, 2013

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.
Statement of the Monetary Policy Committee 15 May 2013:
Read more

Monday, April 29, 2013

Consumer price index in April 2013

The Consumer Price Index based on prices in April 2013 is 411.5 points (May 1988=100), 0.19% higher than in the previous month. The CPI less housing cost is 392.0 points, 0.13% lower than in March.

The CPI is 3.3% higher in April 2013 than in April 2012 and the CPI less housing cost is 3.5% higher than one year ago. Over the last three months, the CPI has increased by 2.0%, equivalent to an annual inflation rate of 8.4% (8.5% inflation for the CPI less housing cost).

The CPI compiled in the middle of April 2013, 411.5 points, is applicable for indexation purposes in June 2013. The old credit terms index for June 2013 is 8,125 points.
Read more

 

Tuesday, March 26, 2013

Consumer price index in March 2013

The Consumer Price Index based on prices in March is 410.7 points (May 1988=100), 0.20% higher than in the previous month. The CPI less housing cost is 392.5 points, 0.15% higher than in February.

Read more

Wednesday, February 27, 2013

Consumer price index in February 2013

The Consumer Price Index based on prices in February is 409.9 points (May 1988=100), 1.64% higher than in the previous month. The CPI less housing cost is 391.9 points, 2.03% higher than in January.

The CPI is 4.8% higher in February 2013 than in February 2012 and the CPI less housing cost is 5.6% higher than one year ago. Over the last three months, the CPI has increased by 2.0%, equivalent to an annual inflation rate of 8.1% (9.1% inflation for the CPI less housing cost).
Read more

Friday, February 08, 2013

Moody's changes outlook on Iceland's Baa3 rating to stable from negative

Moody's Investors Service has today changed the outlook on the Baa3 rating of the Government of Iceland to stable from negative. The country's Baa3/Prime-3 long and short-term ratings remain unchanged.

Moody's decision to revise the outlook to stable is based on the reduced event risk following the European Free Trade Association's (EFTA) Court decision in January, which adds to a series of positive developments in Iceland over the past 12 months.

Rating Action

Wednesday, February 06, 2013

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.

Statement of the Monetary Policy Committee 6 February 2013
Read more

Tuesday, January 29, 2013

Consumer price index in January 2013

The Consumer Price Index based on prices in January is 403.3 points (May 1988=100), 0.27% higher than in the previous month. The CPI less housing cost is 384.1 points, 0.21% higher than in December.

Friday, December 21, 2012

Consumer price index in December 2012

The Consumer Price Index based on prices in December is 402.2 points (May 1988=100), 0.05% higher than in the previous month. The CPI less housing cost is 383.3 points, 0.05% lower than in November.

The CPI is 4.2% higher in December 2012 than in December 2011 and the CPI less housing cost is 4.8% higher than one year ago. Over the last three months, the CPI has increased by 0.7%, equivalent to an annual inflation rate of 2.6% (3.2% inflation for the CPI less housing cost).

The CPI compiled in the middle of December 2012, 402.2 points, is applicable for indexation purposes in February 2013. The old credit terms index for February 2013 is 7,941 points.
Read more

Wednesday, December 12, 2012

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.

Statement of the Monetary Policy Committee 12 December 2012
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Wednesday, November 28, 2012

Consumer price index in November 2012

The Consumer Price Index based on prices in November is 402.0 points (May 1988=100), 0.32% higher than in the previous month. The CPI less housing cost is 383.5 points, 0.37% higher than in October.

Wednesday, November 14, 2012

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 rates of the Central Bank will be as follows:
Overnight lending rate 7.00%
Seven-day collateralised lending rate 6.00%
Maximum rate on 28-day certificates of deposit (CDs) 5.75%
Current account 5.00%

Statement of the Monetary Policy Committee 14 November 2012:
Read more

Thursday, October 25, 2012

Consumer price index in October 2012

The Consumer Price Index based on prices in October is 400.7 points (May 1988=100), 0.28% higher than in the previous month. The CPI less housing cost is 382.1 points, 0.47% higher than in September.
Wednesday, October 03, 2012

MPC decision on interest rates - unchanged

The Monetary Policy Committee (MPC) of the Central Bank of Iceland has decided to keep the Bank’s interest rates unchanged.

Read more

Thursday, September 27, 2012

Consumer price index in September 2012

The Consumer Price Index based on prices in September is 399.6 points (May 1988=100), 0.76% higher than in the previous month. The CPI less housing cost is 380.3 points, 0.98% higher than in August.
Wednesday, August 29, 2012

Consumer price index in August 2012

The Consumer Price Index based on prices in August is 396.6 points (May 1988=100), 0.15% lower than in the previous month. The CPI less housing cost is 376.6 points, 0.08% lower than in July.
Wednesday, August 22, 2012

MPC decision on interest rates - unchanged

The Monetary Policy Committee (MPC) of the Central Bank of Iceland has decided to keep the Bank’s interest rates unchanged.

Read more

Friday, July 27, 2012

Consumer price index in July 2012

The Consumer Price Index based on prices in July is 397.2 points (May 1988=100), 0.72% lower than in the previous month. The CPI less housing cost is 376.9 points, 1.0% higher than in June.
Wednesday, July 18, 2012

The Treasury accounts for 2011

The Treasury accounts for 2011 have now been published.

Press release.(pdf) 

 

Tuesday, July 10, 2012

Expansion of Treasury bond series RIKH 18 1009

In accordance with a decision made on 7 June 2012 by the Rulings Committee on remuneration to Landsbankinn hf. for the acquisition of SpKef Savings Bank, Government Debt Management, on behalf of the Treasury, has delivered Treasury bonds in the RIKH 18 1009 series in the nominal amount of 19,198,000,000.00 kr. to Landsbankinn hf. This is in accordance with an agreement between the bank and the Icelandic Government, which stipulates that payment for Landsbankinn’s acquisition of SpKef Savings Bank shall take the form of Treasury bond RIKH 18 1009, which matures on 9 October 2018. Treasury bond series RIKH 18 1009 has been expanded by 19,198,000,000.00 kr., to its post-expansion size of 212,911,315,408.00 kr. nominal value.
Wednesday, June 27, 2012

Consumer price index in June 2012

The Consumer Price Index based on prices in June is 400.1 points (May 1988=100), 0.50% higher than in the previous month. The CPI less housing cost is 380.7 points, 0.61% higher than in May.
Wednesday, June 13, 2012

MPC decision on interest rates

Interest rates raised
The Monetary Policy Committee (MPC) of the Central Bank of Iceland has decided to raise the Bank’s interest rates by 0.5 percentage points.

The rates of the Central Bank will be as follows:

Overnight lending rate 6.75%
Seven-day collateralised lending rate 5.75%
Maximum rate on 28-day certificates of deposit (CDs) 5.50%
Current account 4.75%

Statement of the Monetary Policy Committee 13 June 2012:
Read more

 

 

Thursday, May 24, 2012

Consumer price index in May 2012

The Consumer Price Index based on prices in May is 398.1 points (May 1988=100), 0.03% lower than in the previous month. The CPI less housing cost is 378.4 points, 0.08% lower than in April.
Wednesday, May 16, 2012

MPC decision on interest rates

Interest rates raised
The Monetary Policy Committee (MPC) of the Central Bank of Iceland has decided to raise the Bank’s interest rates by 0.5 percentage points.

The rates of the Central Bank will be as follows:

Overnight lending rate 6.50%
Seven-day collateralised lending rate 5.50%
Maximum rate on 28-day certificates of deposit (CDs) 5.25%
Current account 4.50%

Statement of the Monetary Policy Committee 16 May 2012:
Read more

Friday, April 27, 2012

Consumer price index in April 2012

The Consumer Price Index based on prices in April is 398.2 points (May 1988=100), 0.78% higher than in the previous month. The CPI less housing cost is 378.7 points, 0.74% higher than in March
Friday, March 30, 2012

The Ministry of Finance presents the Treasury‘s Medium Term Debt Management Strategy

The Medium Term Debt Management Strategy 2012-2015 sets forth the Government‘s plans for debt financing plans for the specified period. It provides a description of the composition of the debt portfolio, inherent risk factors and contingent liabilities. The institutional structure regarding debt management is also described.
The Ministry of Finance is responsible for the central government‘s debt management, sets the strategy and makes decisions regarding debt issues. A special section within the Central Bank of Iceland, Government Debt Unit, is responsible for the implementation of the Treasury‘s debt management policies.
The Medium-Term Debt Management Strategy is now published for the second time. The revised strategy includes two changes to objectives and guidelines for debt management. On the one hand, minor changes are made to guidelines for the composition of the Treasury‘s debt portfolio. On the other hand, the target size of new Treasury bonds will be changed so that, when a bond is issued for only two years, the final size of the series will be a minimum of 15 bn.kr. In other respects, the objectives for final Treasury bond series size are unchanged.

Press release.pdf
GDM Strategy.pdf

 

Wednesday, March 28, 2012

Consumer price index in March 2012

The Consumer Price Index based on prices in March is 395.1 points (May 1988=100), 1.05% higher than in the previous month. The CPI less housing cost is 375.9 points, 1.29% higher than in February.
Thursday, March 22, 2012

Moody’s publishes Issuer Comment on Iceland’s Baa3 /P-3 credit rating

Rating agency Moody’s Investors Service has published an Issuer Comment following Iceland’s early part-prepayment of foreign debt. Moody’s views the transaction as a positive step but is of the opinion that capital account liberalisation will remain challenging.

 

Wednesday, March 21, 2012

MPC decision on interest rates

Interest rates raised
The Monetary Policy Committee (MPC) of the Central Bank of Iceland has decided to raise the Bank’s interest rates. The rates will be as follows:

Overnight lending rate 6.00%
Seven-day collateralised lending rate 5.00%
Maximum rate on 28-day certificates of deposit (CDs) 4.75%
Current account 4.00%

Statement of the Monetary Policy Committee 21 March 2012:
Read more
Friday, February 24, 2012

Consumer price index in February 2012

The Consumer Price Index based on prices in February is 391.0 points (May 1988=100), 1.01% higher than in the previous month. The CPI less housing cost is 371.1 points, 1.42% higher than in January.
Wednesday, February 08, 2012

MPC decision on interest rates - unchanged

The Monetary Policy Committee (MPC) of the Central Bank of Iceland has decided to keep the Bank’s interest rates unchanged.

Read more

November 02, 2011
MPC decision on interest rates
February 02, 2011
MPC decision on interest rates
December 15, 2010
Iceland prepays loan
December 08, 2010
MPC decision on interest rates
November 03, 2010
MPC decision on interest rates
September 22, 2010
MPC decision on interest rates
October 27, 2009
Weekly Economic Briefing
September 24, 2009
Policy rate decision
September 07, 2009
Weekly Web Release
August 27, 2009
Weekly Web Release
August 20, 2009
Weekly Web Release
August 13, 2009
Weekly Web Release
August 13, 2009
Policy rate decision
August 10, 2009
Weekly Economic Briefing
August 04, 2009
Weekly Economic Briefing
July 27, 2009
Weekly Economic Briefing
July 20, 2009
Weekly Economic Briefing
July 15, 2009
Weekly Economic Briefing
July 06, 2009
Weekly Economic Briefing
July 02, 2009
Weekly Web Release
June 26, 2009
Stability Pact signed
June 18, 2009
Weekly Web Release
June 15, 2009
Weekly Web Release
June 05, 2009
Weekly Web Release
June 04, 2009
Policy rate lowered
May 29, 2009
Weekly Web Release
May 14, 2009
Weekly Web Release
May 08, 2009
Weekly Web Release
May 07, 2009
Policy rate lowered
May 04, 2009
Weekly Web Release
April 17, 2009
Weekly Web Release
April 08, 2009
Policy rate lowered
April 03, 2009
Weekly Web Release
March 27, 2009
Weekly Web Release
March 20, 2009
Weekly Web Release
March 19, 2009
Policy rate lowered
March 13, 2009
Weekly Web Release
March 05, 2009
Weekly Web Release
February 27, 2009
Weekly Web Release
February 20, 2009
Weekly Web Release
February 13, 2009
Weekly Web Release
February 06, 2009
Weekly Web Release
January 23, 2009
Weekly Web Release
January 16, 2009
Weekly Web Release
January 09, 2009
Weekly Web Release
December 18, 2008
Weekly Web Release
December 16, 2008
Report about Iceland
December 11, 2008
Weekly Web Release
December 05, 2008
Weekly Web Release
December 04, 2008
Moody's Downgrades Iceland
November 28, 2008
Weekly Web Release
October 03, 2008
Weekly Web Release
October 10, 2008
Weekly Web Release
October 17, 2008
Weekly Web Release
October 23, 2008
Weekly Web Release
October 31, 2008
Weekly Web Release
September 30, 2008
Fitch Downgrades Iceland
September 26, 2008
Weekly Web Release
September 19, 2008
Weekly Web Release
September 17, 2008
The Icelandic Economy 2008-2011
June 30, 2008
Weekly Web Release
August 13, 2008
Inflation Forecast - August
August 15, 2008
Weekly Web Release
August 25, 2008
Weekly Web Release
August 29, 2008
Weekly Web Release
September 05, 2008
Weekly Web Release
September 12, 2008
Weekly Web Release
September 17, 2008
Inflation Forecast - September
May 23, 2008
Weekly Web Release
May 30, 2008
Weekly Web Release
June 06, 2008
Weekly Web Release
June 13, 2008
Weekly Web Release
June 20, 2008
Weekly Web Release
May 09, 2008
Weekly Web Release
May 19, 2008
Weekly Web Release
March 14, 2008
Weekly Web Release
March 27, 2008
Weekly Web Release
March 19, 2008
ICEX News & Views
April 07, 2008
Policy Rate Forecast
April 04, 2008
Weekly Web Release
April 11, 2008
Weekly Web Release
April 09, 2008
Not Out of the Woods Yet
April 18, 2008
Weekly Web Release
February 28, 2008
Weekly Web Release
February 26, 2008
Economic Analysis
March 07, 2008
Weekly Web Release
February 19, 2008
Monthly Inflation Forecast
February 19, 2008
Economic Outlook: Q1 2008
February 04, 2008
The Week in Review
February 08, 2008
Weekly Web Release
February 14, 2008
Policy interest rate unchanged
February 15, 2008
Economic Outlook: Q1 2008
January 14, 2008
News & Views
January 28, 2008
The Week in Review
January 21, 2008
The Week in Review
December 21, 2007
Inflation forecast for January
December 27, 2007
Inflation Forecast
January 07, 2008
The Week in Review
January 14, 2008
Economic Focus
January 14, 2008
The Week in Review
December 21, 2007
Macroeconomic Outlook
December 10, 2007
News & Views
December 14, 2007
The Icelandic nation is young
December 20, 2007
Policy interest rate unchanged
November 26, 2007
News and Views
November 05, 2007
Economic Outlook
November 20, 2007
Inflation Forecast
October 24, 2007
News & Views
October 16, 2007
News & Views
October 05, 2007
News & Views
September 24, 2007
Inflation Forecast
September 27, 2007
The ISK - September 2007
September 27, 2007
Policy rate forecast
October 05, 2007
A new economic forecast
September 21, 2007
Economic Focus - September 2007
September 19, 2007
The Icelandic Economy 2007-2011
September 13, 2007
News & Views
September 15, 2007
Fewer government agencies
September 03, 2007
News & Views
August 29, 2007
Economic Focus
August 24, 2007
Exchange Rate Watch: ISK
August 24, 2007
Macroeconomic Research
August 02, 2007
Inflation Forecast - August
July 09, 2007
News & Views
June 06, 2007
ICEX News & Views
July 09, 2007
Central Bank Watch
June 21, 2007
News & Views
June 12, 2007
ICEX News & Views
May 15, 2007
News & Views
May 04, 2007
Inflation Forecast
May 15, 2007
Central Bank Watch
April 26, 2007
Financial stability
April 16, 2007
Economic Focus
March 27, 2007
ICEX News & Views
April 04, 2007
Central Bank Watch
March 16, 2007
Why issue a regulation?
March 29, 2007
ICEX News & Views
March 12, 2007
ICEX News & Views
March 15, 2007
ICEX News & Views
March 12, 2007
Economic Focus
March 06, 2007
Monthly Market Focus
March 07, 2007
Economic Focus
February 23, 2007
ICEX News & Views
February 05, 2007
Carry Trade and the ISK
February 21, 2007
ICEX News & Views
February 08, 2007
Economic Focus
February 05, 2007
Market Update
January 12, 2007
Economic Focus
January 19, 2007
CPI rise of 0.2% in February
January 30, 2007
ICEX News & Views
January 31, 2007
ICEX News & Views
January 16, 2007
Forecast
January 30, 2007
ICEX News & Views
January 10, 2007
ICEX News & Views
January 25, 2007
No landing in sight?
January 04, 2007
Monthly Market Focus
January 04, 2007
ICEX News & Views
December 21, 2006
Who gets the biggest present?
December 21, 2006
Out of Touch With Reality
November 20, 2006
ICEX News & Views
October 24, 2006
Volatility in investment
December 08, 2006
Monthly Market Focus
November 10, 2006
CPI down 0.04% last month
December 14, 2006
ICEX News & Views
October 20, 2006
Inflation Rate Loses Steam
November 06, 2006
Market Focus November 2006
November 02, 2006
Unchanged interest rate
December 01, 2006
ICEX News & Views
September 12, 2006
Weekly Web Release
October 10, 2006
Quarterly Economic Outlook
October 05, 2006
Aluminum expansion 2008-2015
October 06, 2006
ICEX News & Views

Yield Curve

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Non-IndexedPriceYield
RIKV 13 0618 99.457.11%
RIKV 13 071598.996.68%
RIKV 13 081598.466.53%
RIKV 13 0916 97.936.45%
RIKV 13 101597.446.42%
RIKV 13 1115 97.006.26%
RIKB 14 0314 100.603.97%
RIKB 15 0408100.884.00%
RIKB 16 1013105.204.31%
RIKB 19 0226116.855.28%
RIKB 22 1026106.906.25%
RIKB 25 0612113.706.34%
RIKB 31 012498.906.60%
IndexedPriceYield
RIKS 21 0414111.302.22%
HFF150224107.052.44%
HFF150434111.002.65%
HFF150644114.012.76%

CPI Change

Current Value410.70
12 Months Change*3.95%
3 Months Change*8.73%
Last Month Change0.20%
Daily CPI411.22

* Annualized rates

Exchange rate

ISK10001000
EUR158.25158.65
USD122.99123.3
GBP186.23186.7
JPY1.201.20
NOK21.1021.15
SEK18.4918.54
DKK21.2321.29
CHF126.85127.17
TWI215.25215.39